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JTC (LON:JTC) Stock Price Up 17.8% - Should You Buy?

JTC logo with Financial Services background

Key Points

  • JTC Plc's stock price surged by 17.8%, reaching GBX 1,154, with a significant trading volume increase of 516% over the average daily volume.
  • Analysts are optimistic about JTC, with Berenberg Bank and Shore Capital both giving a "buy" rating and setting price targets of GBX 1,400 and GBX 1,150, respectively.
  • JTC, a global professional services business, boasts a market cap of £1.96 billion and is characterized by strong service excellence and a unique ownership culture.
  • Five stocks to consider instead of JTC.

Jtc Plc (LON:JTC - Get Free Report)'s stock price rose 17.8% during trading 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).

Wall Street Analyst Weigh In

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

Get Our Latest Report on JTC

JTC Price Performance

The company 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 company's fifty day moving average price is GBX 884.79 and its two-hundred day moving average price is GBX 884.99.

JTC Company Profile

(Get Free Report)

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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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.

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