St. James' Place's (STJ) Buy Rating Reiterated at Berenberg Bank

Key Points

• Berenberg Bank reiterated its “Buy” rating on St. James’s Place and maintained a GBX 1,945 price target, implying 83.66% upside from the previous close.
• Analyst sentiment remains positive overall: five analysts rate the stock a Buy and two rate it a Hold, producing a consensus “Moderate Buy” rating and average target of GBX 1,721.86.
• Shares opened at GBX 1,059, down 1.3%, while the company reported quarterly EPS of GBX 43.30; insider Paul Manduca also purchased £39,791.52 worth of shares.

St. James's Place (LON:STJ - Get Free Report)'s stock had its "buy" rating restated by Berenberg Bank in a research report issued on Friday, Digital Look reports. They presently have a GBX 1,945 target price on the stock. Berenberg Bank's price target indicates a potential upside of 83.66% from the stock's previous close.

Several other brokerages also recently weighed in on STJ. Citigroup dropped their target price on shares of St. James's Place from GBX 1,830 to GBX 1,820 and set a "buy" rating for the company in a report on Wednesday, August 12th. Jefferies Financial Group reaffirmed a "buy" rating and set a GBX 1,700 price target on shares of St. James's Place in a research note on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 2,050 price objective on shares of St. James's Place in a research report on Thursday, July 30th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of GBX 1,721.86.

St. James's Place Stock Down 1.3%

STJ stock opened at GBX 1,059 on Friday. The company has a quick ratio of 3.85, a current ratio of 0.39 and a debt-to-equity ratio of 33.04. St. James's Place has a twelve month low of GBX 1,011.50 and a twelve month high of GBX 1,575.50. The stock has a market cap of £5.22 billion, a P/E ratio of 9.93, a PEG ratio of 1.10 and a beta of 1.02. The business's 50-day moving average price is GBX 1,101.42 and its 200-day moving average price is GBX 1,211.76.

St. James's Place (LON:STJ - Get Free Report) last announced 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%. On average, equities research analysts forecast that St. James's Place will post 67.99 EPS for the current year.

Insider Activity

In related news, insider Paul Manduca purchased 3,624 shares of the company's stock in a transaction that occurred on Wednesday, September 23rd. The shares were purchased at an average price of GBX 1,098 per share, with a total value of £39,791.52. 1.22% of the stock is owned by company insiders.

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.

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