JTC (LON:JTC) Trading 13.9% Higher - Here's What Happened

Key Points

• JTC shares surged 13.9% on Friday, reaching a high of GBX 1,150 ($15.54) following a previous close at GBX 980 ($13.24).
• Investment analysts have Mostly rated JTC as a "Buy," with Shore Capital and Berenberg Bank setting target prices of GBX 1,150 and GBX 1,400, respectively.
• The company has a market capitalization of £1.87 billion and a PE ratio of 62.48, indicating strong investor interest in its performance.

Jtc Plc (LON:JTC - Get Free Report) shares traded up 13.9% during trading on Friday . The company traded as high as GBX 1,150 ($15.54) and last traded at GBX 1,116 ($15.08). 8,429,260 shares traded hands during trading, an increase of 1,101% from the average session volume of 702,017 shares. The stock had previously closed at GBX 980 ($13.24).

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Shore Capital reaffirmed a "buy" rating and set a GBX 1,150 target price on shares of JTC in a report on Thursday, July 31st. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,400 target price on shares of JTC in a report on Thursday, July 31st. Two investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of GBX 1,275.

JTC Price Performance

The stock has a 50 day moving average price of GBX 877.65 and a two-hundred day moving average price of GBX 884.02. 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 company has a market capitalization of £1.87 billion, a PE ratio of 62.48 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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