JTC (LON:JTC) Stock Price Up 13.7% - What's Next?

Key Points

• JTC's stock price increased by 13.7% during mid-day trading, reaching a high of GBX 957 ($12.64) before closing at GBX 934.58 ($12.35).
• Analysts from both Berenberg Bank and Shore Capital reaffirmed a "buy" rating for JTC, setting target prices of GBX 1,400 ($18.49) and GBX 1,150 ($15.19), respectively.
• The company has a market cap of £1.57 billion and a high price-to-earnings ratio of 52.41, indicating strong investor interest.

Jtc Plc (LON:JTC - Get Free Report)'s stock price shot up 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). 1,936,612 shares traded hands during trading, an increase of 188% from the average session volume of 671,675 shares. The stock had previously closed at GBX 822 ($10.86).

Analyst Upgrades and Downgrades

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

JTC Stock Performance

The company has a quick ratio of 2.70, a current ratio of 1.92 and a debt-to-equity ratio of 43.81. The stock has a market cap of £1.57 billion, a price-to-earnings ratio of 52.41 and a beta of 0.68. The stock's fifty day moving average is GBX 837.46 and its 200-day moving average is GBX 889.73.

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.

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