JTC (LON:JTC) Shares Up 12.7% - Still a 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% during mid-day trading on Saturday . The stock traded as high as GBX 1,376 ($18.65) and last traded at GBX 1,322.66 ($17.93). 3,510,700 shares were traded during trading, an increase of 355% from the average session volume of 770,853 shares. The stock had previously closed at GBX 1,174 ($15.91).

Analyst Upgrades and Downgrades

JTC has been the topic of a number of research reports. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,400 target price on shares of JTC in a report on Thursday, July 31st. Shore Capital reiterated a "hold" rating on shares of JTC in a report on Tuesday. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 1,025 target price 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 given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of GBX 1,208.33.

JTC Stock Up 1.5%

The business has a fifty day moving average of GBX 993.36 and a 200 day moving average of GBX 911.79. The stock has a market cap of £2.29 billion, a price-to-earnings ratio of -30,310.97 and a beta of 0.68. 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.