JTC (LON:JTC) Trading Up 17.8% - Still a Buy?

Key Points

• Shares of **JTC Plc** surged **17.8%** during mid-day trading, reaching a high of **GBX 1,160** ($15.66) from a previous close of **GBX 980** ($13.23).
• Analysts from **Berenberg Bank** and **Shore Capital** have reaffirmed a "buy" rating for the stock, with target prices of **GBX 1,400** and **GBX 1,150** respectively, contributing to a consensus target price of **GBX 1,275**.
• The company's current market capitalization stands at **£1.96 billion**, and it has shown significant trading volume, with **4,164,218** shares exchanged, representing a **516% increase** over its average session volume.

Jtc Plc (LON:JTC - Get Free Report)'s share price traded up 17.8% during mid-day trading on Saturday . The stock traded as high as GBX 1,160 ($15.54) and last traded at GBX 1,154 ($15.46). 4,164,218 shares traded hands during mid-day trading, an increase of 516% from the average session volume of 676,478 shares. The stock had previously closed at GBX 980 ($13.13).

Wall Street Analysts Forecast Growth

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

JTC Price Performance

The stock has a 50 day moving average price of GBX 897.94 and a two-hundred day moving average price of GBX 888.06. 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 company has a market capitalization of £1.96 billion, a PE ratio of -25,945.95 and a beta of 0.68.

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.