JTC (LON:JTC) Shares Up 17.8% - Still a Buy?

Key Points

• JTC's stock price increased by 17.8%, reaching a trading high of GBX 1,160 ($15.66), with a significant volume spike of 4.16 million shares traded, exceeding the average daily volume by 516%.
• Equities analysts remain optimistic, with two analysts rating the stock as a buy; Berenberg Bank set a target price of GBX 1,400, while Shore Capital set a target of GBX 1,150.
• JTC is a global professional services business focused on fund, corporate, and private client services, and its stock has an average rating of "Buy" with a consensus target price of GBX 1,275.

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

Wall Street Analyst Weigh In

Several brokerages recently commented on JTC. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,400 price target on shares of JTC in a research note on Thursday, July 31st. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a GBX 1,025 price target on shares of JTC in a research note on Monday. Finally, Shore Capital reaffirmed a "buy" rating and issued a GBX 1,150 price target on shares of JTC in a research note on Thursday, July 31st. Two analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,191.67.

JTC Trading Up 1.6%

The company has a market cap of £1.99 billion, a P/E ratio of -26,410.54 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 business has a 50-day moving average price of GBX 884.79 and a two-hundred day moving average price of GBX 884.61.

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.