St. James's Place (LON:STJ) Price Target Raised to GBX 1,600 at Jefferies Financial Group

Key Points

• Jefferies Financial Group raised its price target on St. James's Place from GBX 1,160 to GBX 1,600, indicating a potential upside of 20.44% from the previous close.
• Several analysts including JPMorgan Chase, Citigroup, and Deutsche Bank have also increased their price targets on the stock, with a consensus average target of GBX 1,555.83.
• St. James's Place reported earnings of GBX 52 per share in its last quarterly report, although it has experienced a negative net margin and return on equity.

St. James's Place (LON:STJ - Get Free Report) had its price objective increased by analysts at Jefferies Financial Group from GBX 1,160 to GBX 1,600 in a research report issued on Monday,Digital Look reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's target price would suggest a potential upside of 20.44% from the company's previous close.

Several other analysts have also recently weighed in on STJ. JPMorgan Chase & Co. boosted their price objective on shares of St. James's Place from GBX 1,550 to GBX 1,600 and gave the stock an "overweight" rating in a research note on Monday, October 13th. Citigroup upped their price target on shares of St. James's Place from GBX 1,400 to GBX 1,510 and gave the company a "buy" rating in a research report on Wednesday, October 8th. Royal Bank Of Canada upped their price target on shares of St. James's Place from GBX 1,025 to GBX 1,075 and gave the company a "sector perform" rating in a research report on Monday, July 14th. Berenberg Bank upped their price target on shares of St. James's Place from GBX 1,300 to GBX 1,650 and gave the company a "buy" rating in a research report on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of St. James's Place from GBX 1,800 to GBX 1,900 and gave the company a "buy" rating in a research report on Thursday, October 2nd. Five research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of GBX 1,555.83.

St. James's Place Stock Performance

Shares of St. James's Place stock opened at GBX 1,328.50 on Monday. The company has a quick ratio of 3.85, a current ratio of 0.60 and a debt-to-equity ratio of 55.10. St. James's Place has a twelve month low of GBX 741.40 and a twelve month high of GBX 1,377. The stock has a market cap of £6.91 billion, a price-to-earnings ratio of 14.09, a P/E/G ratio of 1.10 and a beta of 1.23. The company's fifty day moving average is GBX 1,278.46 and its 200 day moving average is GBX 1,150.74.

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

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