JTC (LON:JTC) Shares Up 12.7% - Here's What Happened

Key Points

• JTC Plc experienced a significant increase in stock price, rising 12.7% to GBX 1,322.66 ($17.94) during mid-day trading.
• Analysts have mixed ratings with Berenberg Bank recommending a "buy" with a target price of GBX 1,400, while others maintain "hold" ratings and lower target prices.
• The company's market capitalization stands at £2.25 billion with a notable debt-to-equity ratio of 43.81.

Jtc Plc (LON:JTC - Get Free Report) shares traded up 12.7% during mid-day trading on Saturday . The company traded as high as GBX 1,376 ($18.65) and last traded at GBX 1,322.66 ($17.93). 3,510,700 shares changed hands 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 Ratings Changes

JTC has been the subject of a number of analyst reports. Royal Bank Of Canada reissued a "sector perform" rating and issued a GBX 1,025 price objective on shares of JTC in a research report on Monday, September 1st. Berenberg Bank reissued a "buy" rating and issued a GBX 1,400 price objective on shares of JTC in a research report on Thursday, July 31st. Finally, Shore Capital reissued a "hold" rating on shares of JTC in a research report on Tuesday. One research analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, JTC currently has an average rating of "Hold" and an average price target of GBX 1,208.33.

JTC Stock Up 1.5%

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 firm's 50-day moving average is GBX 993.36 and its 200 day moving average is GBX 911.79. 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.

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.