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

Key Points

• JTC (LON:JTC) shares surged by 17.8%, closing at GBX 1,154 ($15.58), supported by a significant trading volume increase of 516% compared to the average.
• Analysts have set a consensus "Buy" rating for JTC, with target prices ranging from GBX 1,150 to GBX 1,400, revealing optimism about the stock's future performance.
• The company maintains solid financial metrics, including a current ratio of 1.92 and a market capitalization of £1.96 billion, despite a high price-to-earnings ratio of -25,990.99.

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

Analysts Set New Price Targets

JTC has been the subject of a number of analyst reports. Berenberg Bank restated a "buy" rating and issued a GBX 1,400 price target on shares of JTC in a report on Thursday, July 31st. 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. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat, JTC has a consensus rating of "Buy" and an average price target of GBX 1,275.

JTC Stock Performance

The company has a current ratio of 1.92, a quick ratio of 2.70 and a debt-to-equity ratio of 43.81. 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 50-day moving average of GBX 884.79 and a 200-day moving average of GBX 885.39.

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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