JTC (LON:JTC) Trading Up 12.6% - Time to Buy?

Key Points

• JTC shares surged 12.6% during mid-day trading, reaching a high of GBX 1,336 ($18.14) after closing at GBX 1,174 ($15.94).
• Wall Street analysts have mixed opinions on JTC, with one "Buy" rating and two "Hold" ratings, resulting in an average target price of GBX 1,208.33.
• JTC has a market capitalization of £2.25 billion and a significant debt-to-equity ratio of 43.81, suggesting financial leverage concerns.

Jtc Plc (LON:JTC - Get Free Report) shares were up 12.6% during mid-day trading on Friday . The stock traded as high as GBX 1,336 ($18.14) and last traded at GBX 1,322 ($17.95). Approximately 2,580,555 shares changed hands during trading, an increase of 237% from the average daily volume of 765,597 shares. The stock had previously closed at GBX 1,174 ($15.94).

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on JTC shares. 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, September 1st. 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. Finally, Shore Capital reaffirmed a "hold" rating and set a GBX 1,200 target price on shares of JTC in a research note on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of GBX 1,208.33.

JTC Stock Up 12.6%

The firm's 50-day moving average price is GBX 943.29 and its two-hundred day moving average price is GBX 898.54. The firm has a market cap of £2.25 billion, a PE ratio of -29,774.77 and a beta of 0.68. 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

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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