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

Key Points

• JTC's share price increased by 12.7%, reaching GBX 1,376 ($18.67) during trading, significantly higher than its previous close of GBX 1,174 ($15.93).
• Brokerages have varied opinions on JTC, with Berenberg Bank issuing a buy rating and a target price of GBX 1,400, while the average consensus target price stands at GBX 1,208.33.
• Despite a healthy share price rise, the company has a P/E ratio of -29,789.64 and a debt-to-equity ratio of 43.81, indicating potential financial risks.

Jtc Plc (LON:JTC - Get Free Report)'s share price shot up 12.7% during mid-day trading on Saturday . The stock traded as high as GBX 1,376 ($18.67) and last traded at GBX 1,322.66 ($17.94). 3,510,700 shares were traded during trading, an increase of 355% from the average session volume of 770,853 shares. The stock had previously closed at GBX 1,174 ($15.93).

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on JTC. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a GBX 1,025 target price on shares of JTC in a research report on Monday, September 1st. Shore Capital reissued a "hold" rating and issued a GBX 1,200 price objective on shares of JTC in a report on Tuesday, September 2nd. Finally, Berenberg Bank reissued a "buy" rating and issued a GBX 1,400 price objective on shares of JTC in a report on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of GBX 1,208.33.

JTC Trading Up 12.7%

The stock 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 quick ratio of 2.70 and a current ratio of 1.92. The stock has a 50-day moving average price of GBX 952.82 and a 200-day moving average price of GBX 900.53.

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.

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