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

Key Points

• JTC Plc's stock surged 12.7% to GBX 1,322.66, significantly increasing trading volume to 3,510,700 shares, a 355% rise from its average session volume.
• Wall Street analysts hold a consensus rating of "Hold" for JTC, with a price target range between GBX 1,025 and GBX 1,400.
• The company boasts a market capitalization of £2.25 billion and strong financial ratios, including a quick ratio of 2.70 and a current ratio of 1.92.

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

Wall Street Analysts Forecast Growth

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

JTC Trading Up 12.7%

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 business has a 50-day simple moving average of GBX 952.82 and a two-hundred day simple moving average of GBX 900.53. The stock has a market cap of £2.25 billion, a price-to-earnings ratio of -29,789.64 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.