St. James's Place (LON:STJ) Stock Price Up 11.9% - What's Next?

Key Points

• Shares of St. James's Place rose by 11.9%, reaching a trading high of GBX 1,308.50 ($17.29) amid increased trading volume.
• Analysts such as JPMorgan, Citigroup, and Deutsche Bank have issued upgrade ratings and raised their target prices for the stock, reflecting bullish sentiment.
• St. James's Place reported earnings per share of GBX 52 ($0.69) for the last quarter, with analysts forecasting approximately 68 earnings per share for the current year.

St. James's Place plc (LON:STJ - Get Free Report)'s stock price was up 11.9% on Friday . The stock traded as high as GBX 1,308.50 ($17.39) and last traded at GBX 1,308.50 ($17.39). Approximately 6,267,668 shares were traded during mid-day trading, an increase of 28% from the average daily volume of 4,886,323 shares. The stock had previously closed at GBX 1,169.50 ($15.54).

Analysts Set New Price Targets

A number of equities research analysts have commented on STJ shares. Royal Bank Of Canada raised their target price on shares of St. James's Place from GBX 1,025 ($13.62) to GBX 1,075 ($14.29) and gave the stock a "sector perform" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. reiterated an "overweight" rating and set a GBX 1,410 ($18.74) target price on shares of St. James's Place in a research report on Tuesday, July 8th. Citigroup lifted their price objective on St. James's Place from GBX 1,210 ($16.08) to GBX 1,400 ($18.61) and gave the company a "buy" rating in a report on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on St. James's Place from GBX 1,200 ($15.95) to GBX 1,750 ($23.26) and gave the company a "buy" rating in a report on Monday, July 28th.

St. James's Place Price Performance

The company has a market cap of £7.30 billion, a PE ratio of -1,131.07, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23. 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 has a 50 day simple moving average of GBX 1,159.67 and a 200-day simple moving average of GBX 1,056.94.

St. James's Place (LON:STJ - Get Free Report) last issued its earnings results on Thursday, July 31st. The company reported GBX 52 ($0.69) 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%. As a group, research analysts predict that St. James's Place plc will post 67.9947461 earnings per share 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.