JTC (LON:JTC) Trading 12.7% Higher - Still a Buy?

Key Points

• JTC's share price rose by 12.7% during trading, reaching a peak of GBX 1,376 ($18.67) before closing at GBX 1,322.66 ($17.94) with increased trading volume of 355%.
• Analysts have mixed ratings for JTC, with Berenberg Bank maintaining a "buy" rating and a GBX 1,400 price target, while others like Shore Capital and Royal Bank of Canada suggest a "hold" rating.
• JTC has a market capitalization of £2.25 billion, a debt-to-equity ratio of 43.81, and significant operating metrics indicating strong liquidity.

Jtc Plc (LON:JTC - Get Free Report)'s share price was up 12.7% during trading on Friday . The company traded as high as GBX 1,376 ($18.67) and last traded at GBX 1,322.66 ($17.94). 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 ($15.93).

Analyst Upgrades and Downgrades

A number of analysts recently commented on JTC shares. Berenberg Bank reiterated a "buy" rating and set a GBX 1,400 price target on shares of JTC in a report on Thursday, July 31st. Shore Capital reiterated a "hold" rating and set a GBX 1,200 price target on shares of JTC in a report on Tuesday, September 2nd. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a GBX 1,025 price target on shares of JTC in a report on Monday, September 1st. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of GBX 1,208.33.

JTC Stock Up 12.7%

The stock has a fifty day moving average of GBX 952.82 and a 200 day moving average of GBX 901. The firm has a market capitalization of £2.25 billion, a P/E ratio of -29,789.64 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.

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