St. James's Place (LON:STJ) Hits New 12-Month High - Should You Buy?

Key Points

• St. James's Place plc's share price hit a new 52-week high of GBX 1,283.50 ($17.02) during trading, with the last trade being at GBX 1,227.50 ($16.28).
• Analysts have raised their target prices for St. James's Place, with Citigroup setting a new target at GBX 1,400 ($18.56) and Deutsche Bank raising theirs to GBX 1,750 ($23.20), both assigning a "buy" rating.
• The company reported a negative return on equity of 0.63% in its latest quarterly earnings, indicating challenges despite its rising stock price.

Shares of St. James's Place plc (LON:STJ - Get Free Report) hit a new 52-week high on Thursday . The company traded as high as GBX 1,283.50 ($17.04) and last traded at GBX 1,227.50 ($16.30), with a volume of 39585320 shares trading hands. The stock had previously closed at GBX 1,169.50 ($15.53).

Analysts Set New Price Targets

STJ has been the topic of several analyst reports. JPMorgan Chase & Co. reaffirmed an "overweight" rating and set a GBX 1,410 ($18.72) target price on shares of St. James's Place in a report on Tuesday, July 8th. Royal Bank Of Canada lifted their price target on 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. Deutsche Bank Aktiengesellschaft increased their price objective on St. James's Place from GBX 1,200 ($15.93) to GBX 1,750 ($23.24) and gave the company a "buy" rating in a research note on Monday, July 28th. Finally, Citigroup raised their price objective on St. James's Place from GBX 1,210 ($16.07) to GBX 1,400 ($18.59) and gave the company a "buy" rating in a report on Thursday, July 10th.

St. James's Place Trading Up 3.9%

The firm has a market cap of £7.23 billion, a price-to-earnings ratio of -1,121.14, a PEG 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 business has a fifty day moving average of GBX 1,154.66 and a two-hundred day moving average of GBX 1,053.81.

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