JTC (LON:JTC) Stock Price Up 17.8% - Here's What Happened

Key Points

• JTC Plc's shares rose by 17.8% on Saturday, reaching a high of GBX 1,160 ($15.66) compared to the previous close of GBX 980 ($13.23), with trading volume significantly increasing by 516% to 4,164,218 shares.
• Analysts from Berenberg Bank and Shore Capital both issued "buy" ratings for JTC, with target prices of GBX 1,400 and GBX 1,150 respectively, indicating a positive outlook for the stock.
• The company has a market capitalization of £1.96 billion and a PE ratio of -25,990.99, reflecting its financial metrics in the context of its stock performance.

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 changed hands 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).

Analyst Upgrades and Downgrades

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

JTC Trading Up 0.7%

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 business has a 50-day simple moving average of GBX 904.13 and a two-hundred day simple moving average of GBX 889.94. The stock has a market cap 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.