St. James's Place (LON:STJ) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• St. James's Place shares have crossed above their 200-day moving average, trading at GBX 1,308, a significant jump from its average price of GBX 1,083.72.
• Several analysts have upgraded their price targets for St. James's Place, with the highest target set at GBX 1,750, indicating strong positive sentiment around the stock.
• The company reported a negative net margin of 0.02% and a negative return on equity of 0.63%, signaling potential financial challenges ahead despite positive stock movement.

St. James's Place plc (LON:STJ - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,083.72 ($14.58) and traded as high as GBX 1,318.50 ($17.74). St. James's Place shares last traded at GBX 1,308 ($17.60), with a volume of 3,793,883 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on STJ shares. JPMorgan Chase & Co. lifted their price objective on 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. Royal Bank Of Canada boosted their price target 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. Berenberg Bank upped their target price on shares of 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. Citigroup upped their target price on shares of St. James's Place from GBX 1,210 to GBX 1,400 and gave the stock a "buy" rating in a research report on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of St. James's Place from GBX 1,200 to GBX 1,750 and gave the stock a "buy" rating in a research report on Monday, July 28th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target 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 business's fifty day moving average is GBX 1,218.56 and its 200 day moving average is GBX 1,090.28. The firm has a market capitalization of £7.08 billion, a P/E ratio of -1,096.71, a P/E/G ratio of 1.10 and a beta of 1.23.

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