JTC (LON:JTC) Trading Up 12.7% - Here's What Happened

Key Points

• JTC's stock price surged by 12.7% to GBX 1,322.66 during mid-day trading, with trading volume increasing by 355% compared to the average session.
• Analysts provided mixed ratings for JTC, with one rated as a "Buy", two as "Hold", and an average target price of GBX 1,208.33.
• JTC has a market capitalization of £2.25 billion, a high debt-to-equity ratio of 43.81, and operates in the professional services sector with a focus on fund and corporate services.

Jtc Plc (LON:JTC - Get Free Report)'s share price was up 12.7% during trading on Saturday . The company traded as high as GBX 1,376 ($18.75) and last traded at GBX 1,322.66 ($18.03). 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 ($16.00).

Wall Street Analyst Weigh In

A number of equities analysts recently commented on JTC shares. Shore Capital reiterated a "hold" rating on shares of JTC in a report on Tuesday. 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. Finally, 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. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of GBX 1,208.33.

JTC Price Performance

The company's 50-day simple moving average is GBX 983.42 and its 200-day simple moving average is GBX 909.20. The company has a debt-to-equity ratio of 43.81, a current ratio of 1.92 and a quick ratio of 2.70. The stock has a market capitalization of £2.29 billion, a price-to-earnings ratio of -30,310.97 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.