JTC (LON:JTC) Trading Up 13.7% - Here's Why

Key Points

• JTC's share price surged by 13.7%, reaching a trading high of GBX 957 ($12.64) and significantly increasing its trading volume by 188% compared to the average.
• Analysts from Berenberg Bank and Shore Capital both reiterated a "buy" rating" for JTC, with price targets set at GBX 1,400 ($18.49) and GBX 1,150 ($15.19), respectively.
• The company holds a market capitalization of £1.57 billion, with a debt-to-equity ratio of 43.81 and a P/E ratio of 52.41, reflecting its financial position within the market.

Jtc Plc (LON:JTC - Get Free Report)'s share price was up 13.7% during trading on Thursday . The company traded as high as GBX 957 ($12.64) and last traded at GBX 934.58 ($12.35). Approximately 1,936,612 shares traded hands during mid-day trading, an increase of 188% from the average daily volume of 671,675 shares. The stock had previously closed at GBX 822 ($10.86).

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on JTC shares. Berenberg Bank reiterated a "buy" rating and set a GBX 1,400 ($18.49) price target on shares of JTC in a report on Thursday. Shore Capital reiterated a "buy" rating and set a GBX 1,150 ($15.19) price target on shares of JTC in a report on Thursday.

JTC Price Performance

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 market capitalization of £1.57 billion, a P/E ratio of 52.41 and a beta of 0.68. The firm has a 50-day moving average price of GBX 839.13 and a 200 day moving average price of GBX 889.65.

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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