JTC (LON:JTC) Stock Price Up 17.8% - Here's Why

Key Points

• JTC Plc's stock surged by 17.8% on Saturday, reaching a last trading price of GBX 1,154 ($15.58) after closing at GBX 980 ($13.23).
• Analysts have a consensus rating of "Buy" for JTC, with price targets set at GBX 1,400 by Berenberg Bank and GBX 1,150 by Shore Capital.
• The company has a market cap of £1.96 billion and shows strong liquidity with a quick ratio of 2.70.

Shares of Jtc Plc (LON:JTC - Get Free Report) rose 17.8% on Saturday . The stock traded as high as GBX 1,160 ($15.66) and last traded at GBX 1,154 ($15.58). Approximately 4,164,218 shares changed hands 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).

Analyst Upgrades and Downgrades

JTC has been the subject of several recent analyst reports. Berenberg Bank restated a "buy" rating and set a GBX 1,400 target price on shares of JTC in a research note on Thursday, July 31st. Shore Capital reiterated a "buy" rating and issued a GBX 1,150 price objective on shares of JTC in a research note on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, According to MarketBeat, JTC has a consensus rating of "Buy" and an average target price of GBX 1,275.

JTC Stock Performance

The firm has a market cap of £1.96 billion, a price-to-earnings ratio of -25,990.99 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. The stock has a fifty day moving average price of GBX 884.79 and a 200-day moving average price of GBX 884.99.

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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