JTC (LON:JTC) Trading Up 15.1% - Should You Buy?

Key Points

• JTC shares surged 15.1% during mid-day trading, reaching a high of GBX 1,150 ($15.54) from a previous close of GBX 980 ($13.24), with trading volume increasing significantly by 1,141%.
• Analysts have issued positive ratings for JTC, with Berenberg Bank and Shore Capital both maintaining a "buy" rating, while the average target price sits at GBX 1,275.
• JTC has a market capitalization of £1.90 billion, a PE ratio of 63.49, and a manageable debt-to-equity ratio of 43.81, indicating potential for growth and stability.

Jtc Plc (LON:JTC - Get Free Report) shares shot up 15.1% during trading on Friday . The company traded as high as GBX 1,150 ($15.58) and last traded at GBX 1,128 ($15.28). 8,733,614 shares changed hands during trading, an increase of 1,141% from the average session volume of 703,840 shares. The stock had previously closed at GBX 980 ($13.28).

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on JTC. Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 1,025 target price on shares of JTC in a research report on Monday. Shore Capital reissued a "hold" rating and issued a GBX 1,200 price objective on shares of JTC in a report on Tuesday. Finally, 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. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to data from MarketBeat.com, JTC presently has an average rating of "Hold" and a consensus price target of GBX 1,208.33.

JTC Trading Down 1.9%

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 stock has a market capitalization of £1.96 billion, a PE ratio of -25,936.40 and a beta of 0.68. The business's 50-day moving average is GBX 891.84 and its two-hundred day moving average is GBX 886.22.

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.