JTC (LON:JTC) Stock Price Up 15.1% - Time to Buy?

Key Points

• JTC's stock price surged by 15.1% on Friday, reaching a high of GBX 1,150 ($15.54), driven by increased trading volume that was 1,091% higher than average.
• Wall Street analysts have given JTC a consensus rating of "Buy", with a consensus price target of GBX 1,275, indicating potential for further growth.
• The company's market capitalization stands at £1.87 billion, with a price-to-earnings ratio of 62.48, suggesting strong investor interest despite its relatively high valuation.

Jtc Plc (LON:JTC - Get Free Report) traded up 15.1% during trading on Friday . The company traded as high as GBX 1,150 ($15.54) and last traded at GBX 1,128 ($15.24). 8,355,148 shares were traded during mid-day trading, an increase of 1,091% from the average session volume of 701,574 shares. The stock had previously closed at GBX 980 ($13.24).

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. Shore Capital restated a "buy" rating and issued a GBX 1,150 price target on shares of JTC in a report on Thursday, July 31st. Berenberg Bank reissued a "buy" rating and set a GBX 1,400 price target on shares of JTC in a research report on Thursday, July 31st. Two research analysts have rated the stock with a Buy rating, Based on data from MarketBeat, JTC currently has a consensus rating of "Buy" and a consensus price target of GBX 1,275.

JTC Stock Up 13.7%

The firm has a market cap of £1.87 billion, a price-to-earnings ratio of 62.48 and a beta of 0.68. The business's 50 day moving average price is GBX 877.65 and its 200 day moving average price is GBX 884.02. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.