JTC (LON:JTC) Trading Up 12.7% – Time to Buy?

Shares of Jtc Plc (LON:JTC) were up 12.7% on Friday . The company traded as high as GBX 1,376 ($18.67) and last traded at GBX 1,322.66 ($17.94). Approximately 3,510,700 shares were traded during trading, an increase of 355% from the average daily volume of 770,853 shares. The stock had previously closed at GBX 1,174 ($15.93).

Analysts Set New Price Targets

A number of research analysts have weighed in on JTC shares. Royal Bank Of Canada reiterated a “sector perform” rating and set a GBX 1,025 price objective on shares of JTC in a research report on Monday, September 1st. Berenberg Bank reiterated a “buy” rating and set a GBX 1,400 price objective on shares of JTC in a research report on Thursday, July 31st. Finally, Shore Capital reiterated a “hold” rating and set a GBX 1,200 price objective on shares of JTC in a research report on Tuesday, September 2nd. One investment analyst has rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of GBX 1,208.33.

JTC Trading Up 12.7%

The stock’s fifty day moving average price is GBX 952.82 and its 200 day moving average price is GBX 900.53. 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 stock has a market capitalization of £2.25 billion, a P/E ratio of -29,789.64 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.