St. James’s Place (LON:STJ) Price Target Raised to GBX 1,945 at Berenberg Bank

St. James’s Place (LON:STJ) had its price objective hoisted by Berenberg Bank from GBX 1,800 to GBX 1,945 in a research note released on Friday morning, MarketBeat reports. Berenberg Bank currently has a buy rating on the stock.

A number of other equities research analysts have also recently commented on the company. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,700 price objective on shares of St. James’s Place in a research note on Wednesday, July 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 2,050 target price on shares of St. James’s Place in a report on Thursday, July 30th. Royal Bank Of Canada reissued a “sector perform” rating and issued a GBX 1,400 price target on shares of St. James’s Place in a research report on Thursday, April 30th. Citigroup boosted their price target on shares of St. James’s Place from GBX 1,790 to GBX 1,830 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of St. James’s Place from GBX 1,686 to GBX 1,663 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,723.29.

St. James’s Place Trading Up 2.6%

STJ opened at GBX 1,147 on Friday. The company has a fifty day moving average price of GBX 1,158.40 and a two-hundred day moving average price of GBX 1,245.02. St. James’s Place has a 1-year low of GBX 1,038.75 and a 1-year high of GBX 1,575.50. The company has a market cap of £5.80 billion, a P/E ratio of 10.76, a price-to-earnings-growth ratio of 1.10 and a beta of 1.02. The company has a current ratio of 0.39, a quick ratio of 3.85 and a debt-to-equity ratio of 33.04.

St. James’s Place (LON:STJ) last released its quarterly earnings data on Wednesday, July 29th. The company reported GBX 43.30 earnings per share (EPS) for the quarter. St. James’s Place had a net margin of 1.25% and a return on equity of 37.02%. Analysts predict that St. James’s Place will post 67.9947461 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Penny James bought 8,418 shares of the stock in a transaction dated Monday, May 11th. The stock was bought at an average price of GBX 1,182 per share, for a total transaction of £99,500.76. Also, insider Evelyn Bourke purchased 2,374 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average cost of GBX 1,053 per share, for a total transaction of £24,998.22. 1.21% of the stock is owned by insiders.

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.