JTC (LON:JTC) Trading 17.8% Higher - Time to Buy?

Key Points

• JTC's stock price surged 17.8% to GBX 1,154 ($15.58), with over 4 million shares traded on Saturday, significantly above its average volume.
• Equities analysts have issued a consensus rating of "Buy" for JTC, with an average price target of GBX 1,275 based on recent reports from Shore Capital and Berenberg Bank.
• The company has a market capitalization of £1.96 billion and a debt-to-equity ratio of 43.81, indicating its financial stability amidst rapid stock movement.

Jtc Plc (LON:JTC - Get Free Report) shares shot up 17.8% during mid-day trading on Saturday . The stock traded as high as GBX 1,160 ($15.59) and last traded at GBX 1,154 ($15.51). 4,164,218 shares were traded during mid-day trading, an increase of 516% from the average session volume of 676,478 shares. The stock had previously closed at GBX 980 ($13.17).

Wall Street Analyst Weigh In

Several brokerages have issued reports on JTC. Berenberg Bank reissued a "buy" rating and issued a GBX 1,400 price target on shares of JTC in a research note on Thursday, July 31st. Shore Capital reissued a "hold" rating and issued a GBX 1,200 price target on shares of JTC in a research note on Tuesday. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 1,025 price target on shares of JTC in a research note on Monday. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat, JTC currently has a consensus rating of "Hold" and a consensus target price of GBX 1,208.33.

JTC Price Performance

The company has a quick ratio of 2.70, a current ratio of 1.92 and a debt-to-equity ratio of 43.81. The business has a 50-day moving average price of GBX 904.13 and a two-hundred day moving average price of GBX 889.94. The company has a market capitalization of £1.97 billion, a price-to-earnings ratio of -26,131.96 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.