Berenberg Bank Raises St. James's Place (LON:STJ) Price Target to GBX 1,945

Key Points

• Berenberg Bank raised its price target for St. James’s Place from GBX 1,800 to GBX 1,945 and maintained a “buy” rating, implying approximately 72.9% upside from the cited current price.
• Analyst sentiment is broadly positive: five analysts rate the stock “Buy” and two rate it “Hold,” producing a consensus “Moderate Buy” rating and an average target of GBX 1,723.29.
• Shares opened at GBX 1,124.75, while insiders recently purchased stock, including Penny James’s roughly £99,500 purchase and Evelyn Bourke’s approximately £25,000 purchase.

St. James's Place (LON:STJ - Get Free Report) had its price objective hoisted by analysts at Berenberg Bank from GBX 1,800 to GBX 1,945 in a research note issued on Friday,London Stock Exchange reports. The brokerage presently has a "buy" rating on the stock. Berenberg Bank's price objective would suggest a potential upside of 72.93% from the company's current price.

A number of other research analysts have also issued reports on the stock. Royal Bank Of Canada reiterated a "sector perform" rating and issued a GBX 1,400 target price on shares of St. James's Place in a research note on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 2,050 target price on shares of St. James's Place in a research report on Thursday, July 30th. Citigroup upped 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 report on Tuesday, July 14th. JPMorgan Chase & Co. lowered their price target on St. James's Place from GBX 1,686 to GBX 1,663 and set an "overweight" rating on the stock in a research report on Thursday, April 30th. Finally, Jefferies Financial Group reiterated 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. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of GBX 1,723.29.

St. James's Place Stock Up 0.6%

Shares of St. James's Place stock opened at GBX 1,124.75 on Friday. The stock has a market capitalization of £5.69 billion, a P/E ratio of 10.55, a PEG ratio of 1.10 and a beta of 1.02. The company has a quick ratio of 3.85, a current ratio of 0.39 and a debt-to-equity ratio of 33.04. The stock has a 50 day moving average price of GBX 1,159.66 and a two-hundred day moving average price of GBX 1,245.71. St. James's Place has a 12-month low of GBX 1,038.75 and a 12-month high of GBX 1,575.50.

St. James's Place (LON:STJ - Get Free Report) last announced its quarterly earnings results on Wednesday, July 29th. The company reported GBX 43.30 EPS for the quarter. St. James's Place had a return on equity of 37.02% and a net margin of 1.25%. Equities analysts expect that St. James's Place will post 67.9947461 earnings per share for the current year.

Insiders Place Their Bets

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

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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