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

Key Points

• Shares of JTC Plc (LON:JTC) surged by 13.7% on Thursday, reaching a high of GBX 957 ($12.69) and ending the day at GBX 934.58 ($12.39).
• Analysts have set new price targets for JTC, with Shore Capital targeting GBX 1,150 ($15.25) and Berenberg Bank targeting GBX 1,400 ($18.56), both maintaining a "buy" rating.
• The company has a market cap of £1.57 billion, with a PE ratio of 52.41 and a solid quick ratio of 2.70.

Jtc Plc (LON:JTC - Get Free Report)'s share price was up 13.7% on Thursday . The company traded as high as GBX 957 ($12.71) and last traded at GBX 934.58 ($12.41). Approximately 1,936,612 shares were traded during trading, an increase of 188% from the average daily volume of 671,675 shares. The stock had previously closed at GBX 822 ($10.91).

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on JTC shares. Shore Capital restated a "buy" rating and set a GBX 1,150 ($15.27) price objective on shares of JTC in a research report on Thursday. Berenberg Bank restated a "buy" rating and set a GBX 1,400 ($18.59) price objective on shares of JTC in a research report on Thursday.

JTC Trading Up 1.1%

The stock has a market cap of £1.59 billion, a PE ratio of 53.00 and a beta of 0.68. 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 stock has a 50-day moving average price of GBX 841.05 and a two-hundred day moving average price of GBX 888.23.

About JTC

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.