JTC (LON:JTC) Stock Price Up 13.7% - Here's What Happened

Key Points

• The stock price of JTC Plc surged by 13.7%, reaching a high of GBX 957 ($12.64) during trading, with a significant increase in trading volume.
• Analysts maintain a positive outlook, with Shore Capital and Berenberg Bank both reaffirming a "buy" rating and target prices of GBX 1,150 ($15.19) and GBX 1,400 ($18.49), respectively.
• JTC has a market capitalization of £1.57 billion and notable ratios including a P/E ratio of 52.41 and a debt-to-equity ratio of 43.81.

Jtc Plc (LON:JTC - Get Free Report) rose 13.7% on Thursday . The stock traded as high as GBX 957 ($12.64) and last traded at GBX 934.58 ($12.35). Approximately 1,936,612 shares traded hands during trading, an increase of 188% from the average daily volume of 671,675 shares. The stock had previously closed at GBX 822 ($10.86).

Wall Street Analyst Weigh In

A number of brokerages recently commented on JTC. Shore Capital reaffirmed a "buy" rating and issued a GBX 1,150 ($15.19) target price on shares of JTC in a report on Thursday. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,400 ($18.49) target price on shares of JTC in a report on Thursday.

JTC Stock Performance

The company has a market cap of £1.57 billion, a P/E ratio of 52.41 and a beta of 0.68. The firm has a 50 day moving average of GBX 837.46 and a 200-day moving average of GBX 889.73. The company has a quick ratio of 2.70, a current ratio of 1.92 and a debt-to-equity ratio of 43.81.

JTC Company Profile

JTC is a publicly listed, global professional services business with deep expertise in fund, corporate and private client services. Every JTC person is an owner of the business and this fundamental part of our culture aligns us with the best interests of all of our stakeholders. Our purpose is to maximise potential and our success is built on service excellence, long-term relationships and technology capabilities that drive efficiency and add value.

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