JTC (LON:JTC) Stock Price Up 12.7% - Still a Buy?

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.

Shares of Jtc Plc (LON:JTC - Get Free Report) rose 12.7% on Saturday . The company traded as high as GBX 1,376 ($18.75) and last traded at GBX 1,322.66 ($18.03). Approximately 3,510,700 shares traded hands during trading, an increase of 355% from the average daily volume of 770,853 shares. The stock had previously closed at GBX 1,174 ($16.00).

Analysts Set New Price Targets

JTC has been the topic of a number of recent research reports. Shore Capital reaffirmed a "hold" rating on shares of JTC in a research report on Tuesday. Berenberg Bank reissued a "buy" rating and issued a GBX 1,400 price target on shares of JTC in a report on Thursday, July 31st. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 1,025 price target on shares of JTC in a report on Monday, September 1st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, JTC currently has an average rating of "Hold" and an average price target of GBX 1,208.33.

JTC Price Performance

The stock has a 50-day moving average price of GBX 983.42 and a 200 day moving average price of GBX 909.20. The firm has a market capitalization of £2.29 billion, a PE ratio of -30,310.97 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.

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.