St. James's Place (LON:STJ) Stock Passes Above 200-Day Moving Average - Time to Sell?

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) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,083.72 ($14.65) and traded as high as GBX 1,318.50 ($17.82). St. James's Place shares last traded at GBX 1,308 ($17.68), with a volume of 3,793,883 shares.

Analysts Set New Price Targets

STJ has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft raised their price objective on St. James's Place from GBX 1,200 to GBX 1,750 and gave the company a "buy" rating in a research note on Monday, July 28th. Berenberg Bank boosted their price objective on St. James's Place from GBX 1,300 to GBX 1,650 and gave the stock a "buy" rating in a research report on Monday, August 11th. Citigroup boosted their price objective on 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. JPMorgan Chase & Co. upped 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 research report on Thursday, August 7th. Finally, Royal Bank Of Canada boosted their target price 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 report on Monday, July 14th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of GBX 1,485.

St. James's Place Trading Up 1.0%

The firm has a 50-day moving average of GBX 1,214.17 and a 200-day moving average of GBX 1,088.81. 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 has a market capitalization of £7.08 billion, a P/E ratio of -1,096.71, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23.

St. James's Place (LON:STJ - Get Free Report) last issued its quarterly earnings data on Thursday, July 31st. The company reported GBX 52 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, equities research analysts anticipate that St. James's Place plc will post 67.9947461 EPS 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.