JTC (LON:JTC) Trading 12.6% Higher - Should You Buy?

Key Points

• Shares of JTC Plc traded up by 12.6% to a last price of GBX 1,322 ($17.95), with trading volume increasing by 274% compared to the average session.
• Analysts have provided a mix of ratings for JTC, with Berenberg Bank reaffirming a buy rating and a target price of GBX 1,400, while the consensus rating is currently Hold at an average target of GBX 1,208.33.
• JTC has a market capitalization of £2.25 billion and key financial ratios indicating a debt-to-equity ratio of 43.81 and a current ratio of 1.92.

Shares of Jtc Plc (LON:JTC - Get Free Report) shot up 12.6% on Friday . The stock traded as high as GBX 1,376 ($18.78) and last traded at GBX 1,322 ($18.05). 2,871,481 shares traded hands during trading, an increase of 274% from the average session volume of 767,241 shares. The stock had previously closed at GBX 1,174 ($16.03).

Analyst Ratings Changes

Several brokerages recently weighed in on JTC. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,400 target price on shares of JTC in a research note on Thursday, July 31st. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 1,025 target price on shares of JTC in a research note on Monday, September 1st. Finally, Shore Capital reaffirmed a "hold" rating on shares of JTC in a research note on Tuesday. One research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, JTC presently has a consensus rating of "Hold" and an average target price of GBX 1,208.33.

JTC Stock Performance

The firm has a 50 day moving average of GBX 973.31 and a 200-day moving average of GBX 906.15. The stock has a market capitalization of £2.29 billion, a PE ratio of -30,375.54 and a beta of 0.68. The company has a debt-to-equity ratio of 43.81, a quick ratio of 2.70 and a current ratio of 1.92.

About JTC

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.