St. James’s Place (LON:STJ) Hits New 1-Year High – What’s Next?

St. James’s Place plc (LON:STJ) hit a new 52-week high on Thursday . The company traded as high as GBX 1,381 and last traded at GBX 1,381, with a volume of 5403537 shares traded. The stock had previously closed at GBX 1,361.

Analyst Upgrades and Downgrades

Several research firms have weighed in on STJ. Citigroup boosted their target price on shares of St. James’s Place from GBX 1,510 to GBX 1,590 and gave the stock a “buy” rating in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of St. James’s Place from GBX 1,800 to GBX 1,900 and gave the company a “buy” rating in a report on Thursday, October 2nd. Berenberg Bank lifted their price target on shares of St. James’s Place from GBX 1,300 to GBX 1,650 and gave the company a “buy” rating in a research note on Monday, August 11th. Jefferies Financial Group increased their target price on St. James’s Place from GBX 1,160 to GBX 1,600 and gave the company a “buy” rating in a report on Monday, October 20th. Finally, JPMorgan Chase & Co. upped their price objective on shares of St. James’s Place from GBX 1,600 to GBX 1,620 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,572.50.

St. James’s Place Price Performance

The company has a debt-to-equity ratio of 55.10, a current ratio of 0.60 and a quick ratio of 3.85. The firm has a market cap of £7.24 billion, a price-to-earnings ratio of 14.77, a PEG ratio of 1.10 and a beta of 1.23. The stock has a 50-day moving average price of GBX 1,311.03 and a 200 day moving average price of GBX 1,234.60.

About St. James’s Place

We plan, grow and protect the financial futures of over one million clients across the UK by providing holistic advice-led wealth management, delivered exclusively by the Partnership, our group of more than 4,900 highly skilled advisers.

We offer an integrated client proposition, through which we provide financial advice, investment product wrappers such as pensions, investment bonds and ISAs, and offer our own range of investment funds and portfolios.