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JTC (LON:JTC) Stock Price Up 17.8% - Still a Buy?

JTC logo with Financial Services background

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.
  • Five stocks we like better than JTC.

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

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on JTC shares. Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 1,025 price objective on shares of JTC in a report on Monday. Berenberg Bank reissued a "buy" rating and set a GBX 1,400 price objective on shares of JTC in a report on Thursday, July 31st. Finally, Shore Capital restated a "hold" rating and set a GBX 1,200 price target on shares of JTC in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of GBX 1,208.33.

Check Out Our Latest Report on JTC

JTC Trading Down 0.4%

The firm has a market capitalization of £1.97 billion, a P/E ratio of -26,107.16 and a beta of 0.68. The firm has a 50-day moving average of GBX 904.13 and a 200-day moving average of GBX 889.94. The company has a debt-to-equity ratio of 43.81, a quick ratio of 2.70 and a current ratio of 1.92.

About JTC

(Get Free Report)

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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