JTC (LON:JTC) Stock Price Up 17.8% - Time to Buy?

Key Points

• JTC's stock price surged 17.8% recently, reaching GBX 1,154 ($15.58) after trading significantly higher than its previous close of GBX 980 ($13.23).
• Wall Street analysts are optimistic, with a consensus rating of "Buy" and an average target price of GBX 1,275, reflecting confidence in JTC's growth prospects.
• The company, with a market capitalization of £1.96 billion, focuses on global professional services in fund, corporate, and private client services.

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 were traded during mid-day 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

JTC has been the subject of several research reports. Shore Capital reaffirmed a "buy" rating and issued a GBX 1,150 target price on shares of JTC in a research report on Thursday, July 31st. Berenberg Bank reissued a "buy" rating and set a GBX 1,400 price objective on shares of JTC in a research report on Thursday, July 31st. Two equities research analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of GBX 1,275.

JTC Stock Performance

The stock has a 50-day moving average price of GBX 884.79 and a 200 day moving average price of GBX 884.99. The firm has a market capitalization 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.

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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