St. James's Place (LON:STJ) Share Price Crosses Above 200 Day Moving Average - What's Next?

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 ($14.97) and traded as high as GBX 1,260.50 ($17.10). St. James's Place shares last traded at GBX 1,251 ($16.97), with a volume of 728,226 shares traded.

Analyst Upgrades and Downgrades

STJ has been the subject of a number of research analyst reports. Berenberg Bank lifted their price objective on shares of St. James's Place from GBX 1,300 to GBX 1,650 and gave the stock a "buy" rating in a report on Monday, August 11th. Royal Bank Of Canada lifted 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 report on Monday, July 14th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of St. James's Place from GBX 1,200 to GBX 1,750 and gave the stock a "buy" rating in a report on Monday, July 28th. Citigroup lifted their price objective on shares of St. James's Place from GBX 1,210 to GBX 1,400 and gave the stock a "buy" rating in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of St. James's Place from GBX 1,410 to GBX 1,550 and gave the stock an "overweight" rating in a report on Thursday, August 7th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently 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 debt-to-equity ratio of 55.10, a current ratio of 0.60 and a quick ratio of 3.85. The firm has a market capitalization of £6.56 billion, a P/E ratio of 1,326.62, a P/E/G ratio of 1.10 and a beta of 1.23. The firm's 50 day simple moving average is GBX 1,249.56 and its two-hundred day simple moving average is GBX 1,103.68.

St. James's Place (LON:STJ - Get Free Report) last posted its quarterly earnings results 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%. As a group, analysts predict that St. James's Place plc will post 67.9947461 earnings per share 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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