JTC (LON:JTC) Shares Up 17.8% - Time to Buy?

Key Points

• JTC's share price surged 17.8% to GBX 1,154 ($15.58) following a significant increase in trading volume by 516% from the average daily volume.
• Analysts from Shore Capital and Berenberg Bank maintain a buy rating for JTC, with price targets of GBX 1,150 and GBX 1,400, respectively.
• The stock holds a consensus rating of "Buy" with an average price target set at GBX 1,275, reflecting positive outlook from market analysts.

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

Wall Street Analyst Weigh In

JTC has been the subject of a number of research reports. Shore Capital reaffirmed a "hold" rating and set a GBX 1,200 target price on shares of JTC in a report on Tuesday. Berenberg Bank reissued a "buy" rating and set a GBX 1,400 price target on shares of JTC in a research report on Thursday, July 31st. Finally, Royal Bank Of Canada reissued a "sector perform" rating and set a GBX 1,025 price target on shares of JTC in a research report on Monday. One analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of GBX 1,208.33.

JTC Stock Performance

The firm has a market capitalization of £1.97 billion, a price-to-earnings ratio of -26,131.96 and a beta of 0.68. The company has a current ratio of 1.92, a quick ratio of 2.70 and a debt-to-equity ratio of 43.81. The stock's 50 day moving average price is GBX 897.94 and its two-hundred day moving average price is GBX 888.06.

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.