JTC (LON:JTC) Stock Price Up 13.7% - Here's What Happened

Key Points

• JTC Plc shares increased by 13.7%, reaching a last trading price of GBX 934.58 ($12.39), with trading volume rising to approximately 1.9 million shares.
• Analysts from Berenberg Bank and Shore Capital reaffirmed a "buy" rating for JTC, with price targets of GBX 1,400 and 1,150, respectively.
• The company's market cap is approximately £1.57 billion, with a price-to-earnings ratio of 52.41 and a quick ratio of 2.70.

Jtc Plc (LON:JTC - Get Free Report)'s stock price traded up 13.7% during trading on Thursday . The stock traded as high as GBX 957 ($12.70) and last traded at GBX 934.58 ($12.40). 1,936,612 shares were traded during trading, an increase of 188% from the average session volume of 671,675 shares. The stock had previously closed at GBX 822 ($10.91).

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Berenberg Bank reissued a "buy" rating and set a GBX 1,400 ($18.58) price objective on shares of JTC in a research note on Thursday. Shore Capital reissued a "buy" rating and set a GBX 1,150 ($15.26) price objective on shares of JTC in a research note on Thursday.

JTC Trading Down 0.4%

The company has a market cap of £1.57 billion, a P/E ratio of 52.44 and a beta of 0.68. The stock's 50-day moving average is GBX 841.05 and its two-hundred day moving average is GBX 888.94. The company has a debt-to-equity ratio of 43.81, a current ratio of 1.92 and a quick ratio of 2.70.

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.