St. James’s Place (LON:STJ) Reaches New 1-Year High – Here’s Why

St. James’s Place plc (LON:STJ)’s stock price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 1,397.66 and last traded at GBX 1,389, with a volume of 3110376 shares traded. The stock had previously closed at GBX 1,379.

Analyst Upgrades and Downgrades

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

St. James’s Place Trading Up 0.1%

The stock has a fifty day moving average price of GBX 1,324.90 and a 200 day moving average price of GBX 1,248.52. The stock has a market cap of £7.18 billion, a PE ratio of 14.64, a PEG ratio of 1.10 and a beta of 1.23. The company has a debt-to-equity ratio of 55.10, a quick ratio of 3.85 and a current ratio of 0.60.

St. James’s Place Company Profile

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.