St. James's Place (LON:STJ) Releases Earnings Results

Key Points

• St. James's Place reported earnings of GBX 52 ($0.69) per share for the quarter, with a negative return on equity of 0.63% and a negative net margin of 0.02%.
• The company's stock saw a 0.3% decline, trading at GBX 1,305 ($17.24) with a market cap of £7.06 billion.
• Analyst ratings have been optimistic, with major firms increasing their price targets and issuing buy ratings, including Deutsche Bank raising their target to GBX 1,750 ($23.12).

St. James's Place (LON:STJ - Get Free Report) announced its quarterly earnings results on Thursday. The company reported GBX 52 ($0.69) earnings per share (EPS) for the quarter, Digital Look Earnings reports. St. James's Place had a negative net margin of 0.02% and a negative return on equity of 0.63%.

St. James's Place Trading Down 0.8%

STJ traded down GBX 10.50 ($0.14) during midday trading on Friday, reaching GBX 1,298 ($17.24). 1,422,265 shares of the company were exchanged, compared to its average volume of 4,862,917. St. James's Place has a one year low of GBX 647.86 ($8.60) and a one year high of GBX 1,322.50 ($17.56). 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 stock has a market capitalization of £7.02 billion, a P/E ratio of -1,087.91, a PEG ratio of 1.10 and a beta of 1.23. The stock's 50-day simple moving average is GBX 1,154.66 and its 200 day simple moving average is GBX 1,053.81.

Analyst Ratings Changes

Several equities research analysts have issued reports on STJ shares. Royal Bank Of Canada raised their price target on shares of St. James's Place from GBX 1,025 ($13.61) to GBX 1,075 ($14.27) and gave the stock a "sector perform" rating in a research note on Monday, July 14th. Citigroup raised their price target on shares of St. James's Place from GBX 1,210 ($16.07) to GBX 1,400 ($18.59) and gave the stock a "buy" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 1,410 ($18.72) price target on shares of St. James's Place in a research note on Tuesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of St. James's Place from GBX 1,200 ($15.93) to GBX 1,750 ($23.24) and gave the stock a "buy" rating in a research note on Monday, July 28th.

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.