JTC (LON:JTC) Trading 12.7% Higher - Time to Buy?

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.

Jtc Plc (LON:JTC - Get Free Report) rose 12.7% during mid-day trading on Saturday . The stock traded as high as GBX 1,376 ($18.65) and last traded at GBX 1,322.66 ($17.93). Approximately 3,510,700 shares were traded during mid-day trading, an increase of 355% from the average daily volume of 770,853 shares. The stock had previously closed at GBX 1,174 ($15.91).

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Shore Capital reiterated a "hold" rating on shares of JTC in a research report on Tuesday. Royal Bank Of Canada reissued 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 reissued a "buy" rating and issued a GBX 1,400 target price on shares of JTC in a research note on Thursday, July 31st. One analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, JTC has an average rating of "Hold" and an average price target of GBX 1,208.33.

JTC Stock Performance

The company has a quick ratio of 2.70, a current ratio of 1.92 and a debt-to-equity ratio of 43.81. The stock has a market cap of £2.29 billion, a price-to-earnings ratio of -30,310.97 and a beta of 0.68. The company has a 50 day simple moving average of GBX 993.36 and a 200 day simple moving average of GBX 911.79.

JTC Company Profile

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.