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

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 stock price traded up 12.7% during mid-day 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 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).

Analysts Set New Price Targets

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

JTC Price Performance

The company has a current ratio of 1.92, a quick ratio of 2.70 and a debt-to-equity ratio of 43.81. The firm has a market cap of £2.25 billion, a price-to-earnings ratio of -29,789.64 and a beta of 0.68. The company's 50-day moving average is GBX 952.82 and its 200-day moving average is GBX 900.53.

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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