JTC (LON:JTC) Shares Up 17.8% - Here's Why

Key Points

• JTC PlC shares surged 17.8%, trading as high as GBX 1,160 ($15.66) on Saturday, with trading volume increasing by 516% compared to the average session volume.
• Analysts remain optimistic, with both Berenberg Bank and Shore Capital reiterating a "buy" rating and setting price targets of GBX 1,400 and GBX 1,150 respectively, contributing to a consensus target price of GBX 1,275.
• The company has a market capitalization of £1.96 billion and shows strong liquidity, with current and quick ratios of 1.92 and 2.70, respectively.

Shares of Jtc Plc (LON:JTC - Get Free Report) rose 17.8% during mid-day trading on Saturday . The company traded as high as GBX 1,160 ($15.54) and last traded at GBX 1,154 ($15.46). Approximately 4,164,218 shares changed hands during mid-day trading, an increase of 516% from the average daily volume of 676,478 shares. The stock had previously closed at GBX 980 ($13.13).

Analyst Upgrades and Downgrades

JTC has been the subject of several research analyst reports. Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,400 price objective on shares of JTC in a report on Thursday, July 31st. Shore Capital reaffirmed a "hold" rating and issued a GBX 1,200 price objective on shares of JTC in a report on Tuesday. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a GBX 1,025 price objective on shares of JTC in a report on Monday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, JTC currently has an average rating of "Hold" and a consensus price target of GBX 1,208.33.

JTC Stock Down 1.9%

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 company 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 simple moving average is GBX 897.94 and its 200 day simple moving average is GBX 888.06.

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.