Citigroup Forecasts Strong Price Appreciation for St. James's Place (LON:STJ) Stock

Key Points

• Citigroup has increased its price target for St. James's Place stock from GBX 1,400 to GBX 1,510, indicating a potential upside of 16.29% from the current price.
• Other analysts have also raised their price targets, with Berenberg Bank setting a target as high as GBX 1,650 and Deutsche Bank as high as GBX 1,900, showcasing a generally positive outlook for the stock.
• St. James's Place shares are up 1.1% amid trading activity, and the stock has a consensus rating of "Moderate Buy" from analysts.

St. James's Place (LON:STJ - Get Free Report) had its price objective hoisted by investment analysts at Citigroup from GBX 1,400 to GBX 1,510 in a note issued to investors on Wednesday, Marketbeat reports. The firm currently has a "buy" rating on the stock. Citigroup's target price indicates a potential upside of 16.29% from the company's current price.

Several other analysts have also weighed in on STJ. Royal Bank Of Canada upped their price objective on St. James's Place from GBX 1,025 to GBX 1,075 and gave the company a "sector perform" rating in a report on Monday, July 14th. Berenberg Bank raised their price target on St. James's Place from GBX 1,300 to GBX 1,650 and gave the stock a "buy" rating in a research note on Monday, August 11th. Deutsche Bank Aktiengesellschaft raised their price objective 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. Finally, JPMorgan Chase & Co. raised their price objective on St. James's Place from GBX 1,410 to GBX 1,550 and gave the company an "overweight" rating in a research note on Thursday, August 7th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, St. James's Place currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,537.

St. James's Place Stock Up 1.1%

Shares of LON:STJ traded up GBX 14 during mid-day trading on Wednesday, hitting GBX 1,298.50. 1,091,786 shares of the company traded hands, compared to its average volume of 5,165,060. 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 has a 52-week low of GBX 725 and a 52-week high of GBX 1,366.50. The firm's 50 day simple moving average is GBX 1,273.93 and its 200 day simple moving average is GBX 1,130.80. The firm has a market cap of £6.76 billion, a P/E ratio of 1,376.99, a PEG ratio of 1.10 and a beta of 1.23.

St. James's Place (LON:STJ - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported GBX 52 earnings per share for the quarter. St. James's Place had a negative return on equity of 0.63% and a negative net margin of 0.02%. On average, equities analysts anticipate that St. James's Place will post 67.9947461 EPS for the current year.

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.

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