JTC (LON:JTC) Stock Price Up 12.7% - Still a Buy?

Key Points

• JTC Plc's stock jumped 12.7% on Friday, trading as high as GBX 1,376 before closing at GBX 1,322.66, with trading volume increasing by 355% compared to its average.
• The company has a market capitalization of £2.25 billion and a current price-to-earnings ratio of -29,789.64.
• Analysts have mixed ratings for JTC, with a consensus rating of "Hold" and a target price of GBX 1,208.33, reflecting differing expectations among research firms.

Jtc Plc (LON:JTC - Get Free Report) was up 12.7% during mid-day trading on Friday . The stock traded as high as GBX 1,376 ($18.75) and last traded at GBX 1,322.66 ($18.03). Approximately 3,510,700 shares traded hands during trading, an increase of 355% from the average daily volume of 770,853 shares. The stock had previously closed at GBX 1,174 ($16.00).

Wall Street Analyst Weigh In

Several analysts recently issued reports on JTC shares. Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,400 price objective on shares of JTC in a report on Thursday, July 31st. Shore Capital reaffirmed a "hold" rating on shares of JTC in a report on Tuesday. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 1,025 price objective on shares of JTC in a report on Monday, September 1st. One 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 stock presently has a consensus rating of "Hold" and a consensus price target of GBX 1,208.33.

JTC Trading Up 0.3%

The stock has a market capitalization of £2.29 billion, a price-to-earnings ratio of -30,375.54 and a beta of 0.68. The company's 50 day moving average is GBX 983.42 and its 200 day moving average is GBX 909.20. 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.