JTC (LON:JTC) Trading 12.7% Higher - Time to 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) shares traded up 12.7% during trading on Friday . The company traded as high as GBX 1,376 ($18.75) and last traded at GBX 1,322.66 ($18.03). 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 ($16.00).

Wall Street Analysts Forecast Growth

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

JTC Price Performance

The company has a debt-to-equity ratio of 43.81, a quick ratio of 2.70 and a current ratio of 1.92. The company's fifty day moving average price is GBX 983.42 and its 200 day moving average price is GBX 909.20. The firm has a market capitalization of £2.29 billion, a price-to-earnings ratio of -30,310.97 and a beta of 0.68.

JTC Company Profile

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.