JTC (LON:JTC) Trading Up 13.7% - Should You Buy?

Key Points

• JTC's share price surged 13.7% on Thursday, reaching a high of GBX 957 ($12.69) before closing at GBX 934.58 ($12.39), with trading volume increasing by 188% compared to its average.
• Analysts have set bullish price targets for JTC, with Shore Capital issuing a target of GBX 1,150 ($15.25) and Berenberg Bank setting an even higher target of GBX 1,400 ($18.56), both reaffirming a "buy" rating.
• JTC holds a market capitalization of £1.57 billion and exhibits a high price-to-earnings ratio of 52.41, indicating a potentially optimistic market outlook despite the elevated valuation.

Jtc Plc (LON:JTC - Get Free Report)'s stock price rose 13.7% during trading on Thursday . The stock traded as high as GBX 957 ($12.70) and last traded at GBX 934.58 ($12.40). 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 ($10.91).

Wall Street Analyst Weigh In

Several brokerages have recently commented on JTC. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,400 ($18.58) price target on shares of JTC in a research report on Thursday. Shore Capital reiterated a "buy" rating and issued a GBX 1,150 ($15.26) price target on shares of JTC in a report on Thursday.

JTC Trading Down 0.4%

The business has a 50-day moving average of GBX 841.05 and a 200-day moving average of GBX 889.55. The stock has a market cap of £1.57 billion, a price-to-earnings ratio of 52.44 and a beta of 0.68. The company has a quick ratio of 2.70, a current ratio of 1.92 and a debt-to-equity ratio of 43.81.

About JTC

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.