JTC (LON:JTC) Trading 17.8% Higher - Should You Buy?

Key Points

• JTC Plc shares surged by 17.8% on Saturday, reaching a trading price of GBX 1,154, marking a significant increase from its previous close of GBX 980.
• Analysts maintain a consensus “Buy” rating for JTC, with price targets set at GBX 1,150 by Shore Capital and GBX 1,400 by Berenberg Bank.
• The company has a market capitalization of £1.96 billion and boasts a high quick ratio of 2.70, indicating robust liquidity.

Jtc Plc (LON:JTC - Get Free Report) was 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). Approximately 4,164,218 shares traded 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).

Analyst Ratings Changes

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

JTC Trading Down 1.9%

The company's fifty day simple moving average is GBX 897.94 and its two-hundred day simple moving average is GBX 888.06. The company has a quick ratio of 2.70, a current ratio of 1.92 and a debt-to-equity ratio of 43.81. The company has a market capitalization of £1.96 billion, a price-to-earnings ratio of -25,936.40 and a beta of 0.68.

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.