JTC (LON:JTC) Stock Price Up 13.7% - Still a Buy?

Key Points

• JTC Plc's stock rose 13.7% during mid-day trading, reaching a high of GBX 957 ($12.64).
• Analyst ratings include a "buy" from Berenberg Bank with a price target of GBX 1,400 ($18.49), and Shore Capital also issued a "buy" rating with a target of GBX 1,150 ($15.19).
• The company's market cap is £1.57 billion, with a current ratio of 1.92 and a debt-to-equity ratio of 43.81.

Shares of Jtc Plc (LON:JTC - Get Free Report) rose 13.7% during mid-day trading 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 changed 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).

Analyst Ratings Changes

JTC has been the subject of several analyst reports. Berenberg Bank reissued a "buy" rating and set a GBX 1,400 ($18.49) price target on shares of JTC in a report on Thursday. Shore Capital reiterated a "buy" rating and set a GBX 1,150 ($15.19) price target on shares of JTC in a research report on Thursday.

JTC Trading Down 0.7%

The company's 50-day moving average is GBX 839.13 and its 200-day moving average is GBX 889.65. The firm has a market cap of £1.57 billion, a price-to-earnings ratio of 52.27 and a beta of 0.68. The company has a debt-to-equity ratio of 43.81, a quick ratio of 2.70 and a current ratio of 1.92.

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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