JTC (LON:JTC) Stock Price Up 12.7% - Here's Why

Key Points

• JTC Plc shares experienced a significant increase of 12.7% in mid-day trading, reaching GBX 1,376 ($18.67) before settling at GBX 1,322.66 ($17.94), with trading volume up 355% from average levels.
• Wall Street analysts hold a mixed view on JTC, with one "Buy" rating, two "Hold" ratings, and a consensus target price of GBX 1,208.33.
• The company has a market capitalization of £2.25 billion and notable financial ratios including a current ratio of 1.92 and a quick ratio of 2.70.

Shares of Jtc Plc (LON:JTC - Get Free Report) traded up 12.7% during trading on Saturday . The company traded as high as GBX 1,376 ($18.66) and last traded at GBX 1,322.66 ($17.93). 3,510,700 shares were traded during mid-day trading, an increase of 355% from the average session volume of 770,853 shares. The stock had previously closed at GBX 1,174 ($15.92).

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Shore Capital restated a "hold" rating and issued a GBX 1,200 target price on shares of JTC in a research note on Tuesday, September 2nd. Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 1,025 target price on shares of JTC in a research note on Monday, September 1st. Finally, Berenberg Bank restated a "buy" rating and issued a GBX 1,400 target price on shares of JTC in a research note on Thursday, July 31st. One equities research analyst has rated the stock with a Buy rating and two have given a Hold rating to the company's stock. Based on data from MarketBeat, JTC has an average rating of "Hold" and a consensus target price of GBX 1,208.33.

JTC Stock Performance

The stock has a fifty day moving average price of GBX 952.82 and a two-hundred day moving average price of GBX 900.22. The company has a market cap of £2.25 billion, a P/E ratio of -29,789.64 and a beta of 0.68. The company has a debt-to-equity ratio of 43.81, a current ratio of 1.92 and a quick ratio of 2.70.

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.