JTC (LON:JTC) Trading 12.7% Higher - What's Next?

Key Points

• JTC PLC saw a significant rise of 12.7% in its stock price during trading, reaching as high as GBX 1,376 ($18.69), with a trading volume increase of 355%.
• Analysts have varied views on JTC, with Shore Capital rating it a "hold" with a price target of GBX 1,200, while Berenberg Bank has a "buy" rating and a higher target of GBX 1,400.
• JTC maintains solid financial indicators, including a quick ratio of 2.70 and a market capitalization of £2.25 billion.

Jtc Plc (LON:JTC - Get Free Report) rose 12.7% during trading on Friday . The stock traded as high as GBX 1,376 ($18.69) and last traded at GBX 1,322.66 ($17.96). Approximately 3,510,700 shares changed 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 ($15.94).

Analysts Set New Price Targets

JTC has been the subject of several recent research reports. Shore Capital restated a "hold" rating and set a GBX 1,200 price objective on shares of JTC in a report on Tuesday, September 2nd. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,400 target price on shares of JTC in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 1,025 target price on shares of JTC in a research report on Monday, September 1st. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of GBX 1,208.33.

JTC Stock Performance

The company has a 50-day simple moving average of GBX 943.29 and a two-hundred day simple moving average of GBX 898.54. The company has a quick ratio of 2.70, a current ratio of 1.92 and a debt-to-equity ratio of 43.81. The firm has a market cap 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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