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

Key Points

• St. James's Place shares have surpassed their 200-day moving average of GBX 1,093.17, trading as high as GBX 1,306.50 during recent sessions.
• Analysts from firms like Berenberg Bank and Deutsche Bank have raised their price targets for St. James's Place, indicating a positive outlook with a consensus rating of "Moderate Buy".
• The company reported GBX 52 earnings per share in its latest quarter, and analysts expect a total of 67.99 earnings per share for the current year.

St. James's Place plc (LON:STJ - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,093.17 ($14.76) and traded as high as GBX 1,306.50 ($17.64). St. James's Place shares last traded at GBX 1,297.93 ($17.52), with a volume of 1,607,154 shares trading hands.

Analyst Ratings Changes

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

St. James's Place Stock Performance

The stock has a fifty day simple moving average of GBX 1,226.93 and a 200-day simple moving average of GBX 1,093.17. The stock has a market cap of £7.00 billion, a P/E ratio of -1,084.98, 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.

St. James's Place (LON:STJ - Get Free Report) last released 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 return on equity of 0.63% and a negative net margin of 0.02%. On average, equities analysts expect 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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