JPMorgan Chase & Co. Has Lowered Expectations for St. James's Place (LON:STJ) Stock Price

Key Points

• JPMorgan cut its St. James's Place price target slightly to GBX 1,663 (from GBX 1,686) but kept an "overweight" rating, implying roughly a 37.9% upside from the recent close.
• Analyst consensus is broadly positive with five Buy and two Hold ratings, an average target of GBX 1,675.43 (MarketBeat "Moderate Buy"), while individual targets range roughly GBX 1,400–1,810.
• The stock recently traded at GBX 1,206 (up 2.4%), with a market cap of £6.19bn, a P/E of 12.21 and a return on equity of 37.33%, indicating modest valuation and strong ROE.

St. James's Place (LON:STJ - Get Free Report) had its target price cut by JPMorgan Chase & Co. from GBX 1,686 to GBX 1,663 in a research report issued on Thursday,Digital Look reports. The brokerage currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price target would suggest a potential upside of 37.89% from the company's previous close.

Other equities analysts have also issued reports about the stock. Royal Bank Of Canada restated a "sector perform" rating and issued a GBX 1,400 price objective on shares of St. James's Place in a report on Thursday. Berenberg Bank reiterated a "buy" rating and issued a GBX 1,800 target price on shares of St. James's Place in a report on Thursday. UBS Group reiterated a "neutral" rating and issued a GBX 1,475 target price on shares of St. James's Place in a report on Friday, January 16th. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 1,700 target price on shares of St. James's Place in a report on Wednesday. Finally, Citigroup lowered their price objective on shares of St. James's Place from GBX 1,810 to GBX 1,790 and set a "buy" rating for the company in a research report on Thursday. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of GBX 1,675.43.

St. James's Place Trading Up 2.4%

LON STJ traded up GBX 28.50 during trading hours on Thursday, hitting GBX 1,206. The company's stock had a trading volume of 2,469,401 shares, compared to its average volume of 18,073,260. The stock has a fifty day moving average of GBX 1,266.32 and a 200 day moving average of GBX 1,340.04. St. James's Place has a twelve month low of GBX 943.40 and a twelve month high of GBX 1,575.50. The firm has a market capitalization of £6.19 billion, a P/E ratio of 12.21, a PEG ratio of 1.10 and a beta of 1.04. The company has a quick ratio of 3.85, a current ratio of 3.80 and a debt-to-equity ratio of 36.73.

St. James's Place (LON:STJ - Get Free Report) last announced its quarterly earnings data on Wednesday, February 25th. The company reported GBX 99.90 earnings per share for the quarter. St. James's Place had a net margin of 1.76% and a return on equity of 37.33%. Equities research analysts forecast that St. James's Place will post 67.9947461 earnings per share for the current fiscal 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.