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

Key Points

• Deutsche Bank Aktiengesellschaft has raised its price target for St. James's Place (LON:STJ) from GBX 1,200 to GBX 1,750, indicating a potential upside of 50.15% from the current price.
• Other research firms, including JPMorgan Chase and Royal Bank Of Canada, have also updated their ratings and price targets for STJ, showing a consensus of positive sentiment towards the stock.
• St. James's Place trades at around GBX 1,165.50, with a market capitalization of £6.30 billion, amidst a significant 12-month price range of GBX 553.50 to GBX 1,245.50.

St. James's Place (LON:STJ - Get Free Report) had its target price increased by analysts at Deutsche Bank Aktiengesellschaft from GBX 1,200 ($15.91) to GBX 1,750 ($23.20) in a note issued to investors on Monday, MarketBeat reports. The brokerage presently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's price target would suggest a potential upside of 33.74% from the stock's previous close.

A number of other analysts have also weighed in on the company. Royal Bank Of Canada raised their target price on St. James's Place from GBX 1,025 ($13.59) to GBX 1,075 ($14.25) and gave the company a "sector perform" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. reissued an "overweight" rating and set a GBX 1,410 ($18.70) price objective on shares of St. James's Place in a report on Tuesday, July 8th. Finally, Citigroup boosted their target price on shares of St. James's Place from GBX 1,210 ($16.04) to GBX 1,400 ($18.56) and gave the stock a "buy" rating in a research note on Thursday, July 10th.

St. James's Place Price Performance

Shares of LON:STJ traded up GBX 139 ($1.84) on Monday, hitting GBX 1,308.50 ($17.35). The stock had a trading volume of 6,267,668 shares, compared to its average volume of 4,886,323. The company has a market capitalization of £7.08 billion, a price-to-earnings ratio of -1,096.71, a price-to-earnings-growth 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. The firm's 50 day moving average price is GBX 1,144.78 and its 200-day moving average price is GBX 1,043.89. St. James's Place has a twelve month low of GBX 647.86 ($8.59) and a twelve month high of GBX 1,308.50 ($17.35).

St. James's Place (LON:STJ - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The company reported GBX 52 ($0.69) EPS for the quarter. St. James's Place had a negative net margin of 0.02% and a negative return on equity of 0.63%. On average, equities research analysts predict that St. James's Place will post 67.9947461 earnings per share for the current year.

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.