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

Key Points

• JTC shares surged by 17.8% during mid-day trading, reaching as high as GBX 1,160 ($15.66) after closing at GBX 980 ($13.23) previously.
• Shore Capital and Berenberg Bank reaffirmed a "buy" rating for JTC, with target prices set at GBX 1,150 and GBX 1,400 respectively.
• JTC has a market cap of £1.96 billion and a price-to-earnings ratio of -25,990.99, signaling potential financial performance concerns despite positive analyst ratings.

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 have issued reports on the company. Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 1,025 price target on shares of JTC in a report on Monday. Berenberg Bank restated a "buy" rating and issued a GBX 1,400 price target on shares of JTC in a report on Thursday, July 31st. Finally, Shore Capital restated a "hold" rating and issued a GBX 1,200 price target on shares of JTC in a report on Tuesday. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, JTC has a consensus rating of "Hold" and a consensus price target 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 £1.96 billion, a price-to-earnings ratio of -25,945.95 and a beta of 0.68. The firm has a 50-day moving average price of GBX 897.94 and a two-hundred day moving average price of GBX 888.06.

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.