JTC (LON:JTC) Trading 12.7% Higher - Should You Buy?

Key Points

• JTC shares rose by 12.7%, reaching a last trading price of GBX 1,322.66 ($17.94), significantly up from a previous close of GBX 1,174 ($15.93).
• Equities analysts have mixed opinions, with one "buy" rating, two "hold" ratings, and a consensus price target of GBX 1,208.33.
• JTC has a market capitalization of £2.25 billion and a notable debt-to-equity ratio of 43.81, indicating a stable financial position.

Jtc Plc (LON:JTC - Get Free Report) traded up 12.7% 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 traded 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).

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in 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 reiterated a "sector perform" rating and issued a GBX 1,025 target price on shares of JTC in a research report on Monday, September 1st. Finally, Shore Capital reiterated a "hold" rating and issued a GBX 1,200 target price on shares of JTC in a research report on Tuesday, September 2nd. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, JTC currently has an average rating of "Hold" and a consensus price target of GBX 1,208.33.

JTC Stock Performance

The company has a debt-to-equity ratio of 43.81, a current ratio of 1.92 and a quick ratio of 2.70. The business has a 50-day simple moving average of GBX 952.82 and a 200-day simple moving average of GBX 901. The firm has a market capitalization of £2.25 billion, a PE ratio of -29,789.64 and a beta of 0.68.

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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