St. James's Place (LON:STJ) Shares Pass Above 200-Day Moving Average - Here's Why

Key Points

• St. James's Place plc (LON:STJ) shares recently crossed above their 200-day moving average, with the stock trading as high as GBX 1,260.50.
• Multiple analysts have upgraded their price targets for St. James's Place, with Deutsche Bank raising its target to GBX 1,750 and granting a "buy" rating.
• The company reported a negative net margin of 0.02% and a quarterly earnings per share of GBX 52, with a projected EPS of approximately 68 for the current year.

St. James's Place plc (LON:STJ - Get Free Report) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,103.68 ($14.96) and traded as high as GBX 1,260.50 ($17.08). St. James's Place shares last traded at GBX 1,251 ($16.96), with a volume of 728,226 shares trading hands.

Analyst Ratings Changes

Several equities analysts have recently weighed in on STJ shares. Berenberg Bank increased their price target on St. James's Place from GBX 1,300 to GBX 1,650 and gave the company a "buy" rating in a report on Monday, August 11th. JPMorgan Chase & Co. increased their price target on St. James's Place from GBX 1,410 to GBX 1,550 and gave the company an "overweight" rating in a report on Thursday, August 7th. Royal Bank Of Canada increased their price target on St. James's Place from GBX 1,025 to GBX 1,075 and gave the company a "sector perform" rating in a report on Monday, July 14th. Citigroup increased their price target on St. James's Place from GBX 1,210 to GBX 1,400 and gave the company a "buy" rating in a report on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on St. James's Place from GBX 1,200 to GBX 1,750 and gave the stock a "buy" rating in a research note on Monday, July 28th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 1,485.

St. James's Place Price Performance

The company has a current ratio of 0.60, a quick ratio of 3.85 and a debt-to-equity ratio of 55.10. The firm has a market cap of £6.59 billion, a PE ratio of 1,332.84, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23. The stock has a 50 day simple moving average of GBX 1,254.60 and a 200-day simple moving average of GBX 1,108.01.

St. James's Place (LON:STJ - Get Free Report) last issued its quarterly 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 return on equity of 0.63% and a negative net margin of 0.02%. Equities analysts anticipate that St. James's Place plc 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.