JTC (LON:JTC) Stock Price 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.

Shares of Jtc Plc (LON:JTC - Get Free Report) traded up 12.7% on Saturday . The stock traded as high as GBX 1,376 ($18.65) and last traded at GBX 1,322.66 ($17.93). 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 ($15.91).

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Berenberg Bank reissued a "buy" rating and set a GBX 1,400 price target on shares of JTC in a research report on Thursday, July 31st. Shore Capital reissued a "hold" rating on shares of JTC in a research report on Tuesday. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 1,025 price target on shares of JTC in a research report on Monday, September 1st. One analyst has rated the stock with a Buy rating and two have issued a Hold rating to the company's stock. According to MarketBeat, JTC has an average rating of "Hold" and a consensus target price of GBX 1,208.33.

JTC Price Performance

The company has a debt-to-equity ratio of 43.81, a current ratio of 1.92 and a quick ratio of 2.70. The company has a market capitalization of £2.29 billion, a PE ratio of -30,310.97 and a beta of 0.68. The stock's 50 day simple moving average is GBX 993.36 and its 200-day simple moving average is 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.