St. James's Place (LON:STJ) Sets New 52-Week High - Should You Buy?

Key Points

• St. James's Place plc has reached a new 52-week high of GBX 1,377 during recent trading, with the last trade at GBX 1,367.75.
• Multiple analysts have increased their price targets for St. James's Place, with Deutsche Bank raising it to GBX 1,900, and the stock receiving an average rating of "Moderate Buy."
• The company reported earnings of GBX 52 per share and has been experiencing negative net margins and return on equity, indicating potential financial challenges despite rising stock prices.

St. James's Place plc (LON:STJ - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 1,377 ($18.34) and last traded at GBX 1,367.75 ($18.22), with a volume of 2899041 shares traded. The stock had previously closed at GBX 1,357.50 ($18.08).

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the stock. Royal Bank Of Canada raised their price objective on shares of St. James's Place from GBX 1,025 to GBX 1,075 and gave the stock a "sector perform" rating in a research note on Monday, July 14th. Citigroup lifted 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 note on Wednesday, October 8th. Berenberg Bank lifted 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 note on Monday, August 11th. JPMorgan Chase & Co. lifted their price target on shares of St. James's Place from GBX 1,550 to GBX 1,600 and gave the company an "overweight" rating in a research note on Monday. Finally, Deutsche Bank Aktiengesellschaft lifted 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 note on Thursday, October 2nd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, St. James's Place currently has an average rating of "Moderate Buy" and an average price target of GBX 1,547.

St. James's Place Stock Performance

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 firm's 50 day simple moving average is GBX 1,277.47 and its 200-day simple moving average is GBX 1,141.39. The company has a market cap of £7.09 billion, a price-to-earnings ratio of 1,443.95, a PEG ratio of 1.10 and a beta of 1.23.

St. James's Place (LON:STJ - Get Free Report) last announced its earnings results 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%. On average, sell-side analysts predict that St. James's Place plc 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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