JTC (LON:JTC) Earns "Sector perform" Rating from Royal Bank Of Canada

Key Points

• Royal Bank Of Canada has reiterated JTC's stock rating as "sector perform" with a price target of GBX 1,025, indicating a potential downside of 12.39% from its previous close.
• Other analysts, including Berenberg Bank and Shore Capital, have assigned "buy" ratings to JTC with target prices of GBX 1,400 and GBX 1,150 respectively, showing varying opinions on the company's outlook.
• JTC's shares opened at GBX 1,170, with a 1-year price range between GBX 110 and GBX 1,178, reflecting its volatility in the market.

JTC (LON:JTC - Get Free Report)'s stock had its "sector perform" rating restated by equities research analysts at Royal Bank Of Canada in a research note issued on Monday, MarketBeat.com reports. They presently have a GBX 1,025 price target on the stock. Royal Bank Of Canada's price target indicates a potential downside of 11.66% from the stock's current price.

A number of other equities analysts have also recently issued reports on JTC. Berenberg Bank reaffirmed 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 reissued a "buy" rating and set a GBX 1,150 price target on shares of JTC in a research report on Thursday, July 31st. One investment analyst has rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, JTC currently has a consensus rating of "Hold" and an average price target of GBX 1,208.33.

JTC Trading Up 0.7%

JTC stock traded up GBX 8.26 during midday trading on Monday, reaching GBX 1,160.26. The company's stock had a trading volume of 1,632,655 shares, compared to its average volume of 686,828. JTC has a 52 week low of GBX 751 and a 52 week high of GBX 1,184. The stock has a market cap of £1.97 billion, a PE ratio of -26,131.96 and a beta of 0.68. 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 business's 50-day simple moving average is GBX 904.13 and its 200-day simple moving average is GBX 889.94.

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.