St. James's Place (LON:STJ) Shares Up 11.9% - Here's What Happened

Key Points

• St. James's Place plc shares surged by 11.9% during mid-day trading, reaching GBX 1,308.50 ($17.29), with a significant trading volume increase of 28% compared to the average.
• Analysts have upgraded their price targets for St. James's Place, with Deutsche Bank raising their target to GBX 1,750 ($23.12) and Citigroup to GBX 1,400 ($18.49), reflecting positive sentiment in the market.
• The company's recent earnings report showed a negative net margin of 0.02% and a projected EPS of 67.99 for the current fiscal year, indicating ongoing challenges despite the stock's price increase.

St. James's Place plc (LON:STJ - Get Free Report) shares shot up 11.9% during mid-day trading on Thursday . The stock traded as high as GBX 1,308.50 ($17.29) and last traded at GBX 1,308.50 ($17.29). 6,267,668 shares changed hands during trading, an increase of 28% from the average session volume of 4,886,323 shares. The stock had previously closed at GBX 1,169.50 ($15.45).

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on STJ shares. JPMorgan Chase & Co. reaffirmed an "overweight" rating and issued a GBX 1,410 ($18.63) price objective on shares of St. James's Place in a report on Tuesday, July 8th. Citigroup upped their price objective on shares of St. James's Place from GBX 1,210 ($15.98) to GBX 1,400 ($18.49) and gave the stock a "buy" rating in a report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of St. James's Place from GBX 1,200 ($15.85) to GBX 1,750 ($23.12) and gave the stock a "buy" rating in a report on Monday. Finally, Royal Bank Of Canada upped their price objective on shares of St. James's Place from GBX 1,025 ($13.54) to GBX 1,075 ($14.20) and gave the stock a "sector perform" rating in a report on Monday, July 14th.

St. James's Place Trading Up 11.9%

The company has a quick ratio of 3.85, a current ratio of 0.60 and a debt-to-equity ratio of 55.10. The firm's 50-day simple moving average is GBX 1,150.44 and its 200 day simple moving average is GBX 1,048.20. The stock has a market capitalization of £7.08 billion, a P/E ratio of -1,096.71, a PEG ratio of 1.10 and a beta of 1.23.

St. James's Place (LON:STJ - Get Free Report) last issued its quarterly earnings results on Thursday, July 31st. The company reported GBX 52 ($0.69) 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%. Equities research analysts anticipate that St. James's Place plc will post 67.9947461 EPS for the current fiscal 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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