JTC (LON:JTC) Trading 12.7% Higher - Here's Why

Key Points

• JTC's share price increased by 12.7%, trading as high as GBX 1,376 ($18.67) and closing at GBX 1,322.66 ($17.94) after over 3.5 million shares exchanged hands.
• Equity analysts have issued mixed ratings on JTC, with a consensus rating of "Hold" and a target price averaging GBX 1,208.33.
• The company has a market cap of £2.25 billion and notable ratios include a high debt-to-equity ratio of 43.81 and a negative P/E ratio of -29,789.64.

Jtc Plc (LON:JTC - Get Free Report)'s share price traded up 12.7% during trading on Saturday . The company traded as high as GBX 1,376 ($18.67) and last traded at GBX 1,322.66 ($17.94). 3,510,700 shares changed hands during mid-day trading, an increase of 355% from the average session volume of 770,853 shares. The stock had previously closed at GBX 1,174 ($15.93).

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the company. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,400 price objective on shares of JTC in a research note on Thursday, July 31st. Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 1,025 price target on shares of JTC in a research note on Monday, September 1st. Finally, Shore Capital reissued a "hold" rating and issued a GBX 1,200 price target on shares of JTC in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of GBX 1,208.33.

JTC Stock Performance

The stock has a market cap of £2.25 billion, a P/E ratio of -29,789.64 and a beta of 0.68. The company has a fifty day moving average price of GBX 952.82 and a 200 day moving average price of GBX 901. The company has a debt-to-equity ratio of 43.81, a current ratio of 1.92 and a quick ratio of 2.70.

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.

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