JTC (LON:JTC) Stock Price Up 17.8% - What's Next?

Key Points

• JTC's stock price surged by 17.8% during trading, reaching a high of GBX 1,160 ($15.66) and significantly increasing trading volume to approximately 4.16 million shares.
• Analyst reports from Berenberg Bank and Shore Capital have rated JTC as a "buy," with price targets of GBX 1,400 and GBX 1,150 respectively, contributing to a consensus rating of "Buy."
• JTC's market capitalization stands at £1.96 billion, with key financial metrics including a debt-to-equity ratio of 43.81 and a negative P/E ratio of -25,990.99.

Jtc Plc (LON:JTC - Get Free Report) shares were up 17.8% during mid-day trading on Saturday . The stock traded as high as GBX 1,160 ($15.67) and last traded at GBX 1,154 ($15.58). Approximately 4,164,218 shares were traded during trading, an increase of 516% from the average daily volume of 676,478 shares. The stock had previously closed at GBX 980 ($13.23).

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on JTC shares. Royal Bank Of Canada restated a "sector perform" rating and set a GBX 1,025 target price on shares of JTC in a report on Monday. Berenberg Bank reissued a "buy" rating and issued a GBX 1,400 price objective on shares of JTC in a research note on Thursday, July 31st. Finally, Shore Capital restated a "buy" rating and issued a GBX 1,150 price objective on shares of JTC in a report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, JTC has an average rating of "Moderate Buy" and a consensus price target of GBX 1,191.67.

JTC Price Performance

The stock's 50 day moving average is GBX 884.79 and its two-hundred day moving average is GBX 884.61. The stock has a market capitalization of £1.99 billion, a PE ratio of -26,410.54 and a beta of 0.68. The company has a debt-to-equity ratio of 43.81, a current ratio of 1.92 and a quick ratio of 2.70.

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.