JTC (LON:JTC) Trading 17.8% Higher - Here's What Happened

Key Points

• JTC shares surged by 17.8% on Saturday, reaching a last traded price of GBX 1,154 ($15.58), significantly up from its previous close of GBX 980 ($13.23).
• Equities research analysts have maintained a consensus "Buy" rating for JTC, with target prices set at GBX 1,400 by Berenberg Bank and GBX 1,150 by Shore Capital.
• JTC has a market capitalization of £1.96 billion, and noteworthy financial ratios include a debt-to-equity ratio of 43.81 and a beta of 0.68, indicating lower volatility.

Jtc Plc (LON:JTC - Get Free Report) shares traded up 17.8% on Saturday . The company traded as high as GBX 1,160 ($15.66) and last traded at GBX 1,154 ($15.58). 4,164,218 shares changed hands during trading, an increase of 516% from the average session volume of 676,478 shares. The stock had previously closed at GBX 980 ($13.23).

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,400 target price on shares of JTC in a research note on Thursday, July 31st. Shore Capital reissued a "buy" rating and set a GBX 1,150 price objective on shares of JTC in a research note on Thursday, July 31st. Two analysts have rated the stock with a Buy rating, According to MarketBeat, JTC currently has an average rating of "Buy" and a consensus price target of GBX 1,275.

JTC Price Performance

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 firm's 50 day moving average is GBX 884.79 and its 200 day moving average is GBX 884.99. The firm has a market cap of £1.96 billion, a P/E ratio of -25,990.99 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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