JPMorgan Chase & Co. Forecasts Strong Price Appreciation for St. James's Place (LON:STJ) Stock

Key Points

• JPMorgan Chase & Co. has raised the target price for St. James's Place (LON:STJ) from GBX 1,550 to GBX 1,600, indicating a potential upside of 19.18% from its previous close.
• Multiple other analysts have also increased their price targets for St. James's Place, with Berenberg Bank setting it at GBX 1,650 and Deutsche Bank at GBX 1,900, reflecting a generally positive outlook on the stock.
• St. James's Place reported an EPS of GBX 52 for the last quarter, and analysts expect it to post around 68 EPS for the current year.

St. James's Place (LON:STJ - Get Free Report) had its target price hoisted by research analysts at JPMorgan Chase & Co. from GBX 1,550 to GBX 1,600 in a report released on Monday, Marketbeat Ratings reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s target price suggests a potential upside of 19.18% from the company's previous close.

STJ has been the subject of several other research reports. Berenberg Bank raised their price objective on shares of St. James's Place from GBX 1,300 to GBX 1,650 and gave the stock a "buy" rating in a report on Monday, August 11th. Royal Bank Of Canada raised their price target on St. James's Place from GBX 1,025 to GBX 1,075 and gave the stock a "sector perform" rating in a research report on Monday, July 14th. Citigroup boosted their target price on St. James's Place from GBX 1,400 to GBX 1,510 and gave the company a "buy" rating in a research note on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on St. James's Place from GBX 1,800 to GBX 1,900 and gave the stock a "buy" rating in a research report on Thursday, October 2nd. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of GBX 1,547.

St. James's Place Price Performance

LON STJ opened at GBX 1,342.50 on Monday. The stock has a 50-day simple moving average of GBX 1,277.27 and a 200 day simple moving average of GBX 1,137.59. St. James's Place has a twelve month low of GBX 741.40 and a twelve month high of GBX 1,366.50. The stock has a market capitalization of £6.99 billion, a PE ratio of 1,423.65, a P/E/G 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.

St. James's Place (LON:STJ - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The company reported GBX 52 earnings per share (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%. Research 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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