St. James's Place (LON:STJ) Stock Crosses Above Two Hundred Day Moving Average - What's Next?

Key Points

• St. James's Place plc's stock has recently surpassed its 200-day moving average, with a high of GBX 1,272.50 ($17.11) during trading.
• Various research firms have upgraded their target prices for the stock, with Deutsche Bank raising it to GBX 1,750 and Citigroup to GBX 1,400, reflecting a positive outlook.
• The company reported a negative net margin of 0.02% and had earnings per share of GBX 52 for the last quarter.

St. James's Place plc (LON:STJ - Get Free Report)'s stock price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,121.65 ($15.08) and traded as high as GBX 1,272.50 ($17.11). St. James's Place shares last traded at GBX 1,264.93 ($17.01), with a volume of 2,995,204 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have weighed in on STJ. Royal Bank Of Canada upped their target price on St. James's Place from GBX 1,025 to GBX 1,075 and gave the stock a "sector perform" rating in a research note on Monday, July 14th. JPMorgan Chase & Co. upped 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 research report on Thursday, August 7th. Citigroup raised their price objective on St. James's Place from GBX 1,210 to GBX 1,400 and gave the company a "buy" rating in a research note on Thursday, July 10th. Deutsche Bank Aktiengesellschaft boosted their target price on St. James's Place from GBX 1,200 to GBX 1,750 and gave the stock a "buy" rating in a research note on Monday, July 28th. Finally, Berenberg Bank raised their price target 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 note on Monday, August 11th. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, St. James's Place has an average rating of "Moderate Buy" and a consensus target price of GBX 1,485.

St. James's Place Price Performance

The company has a 50 day moving average price of GBX 1,262.40 and a 200-day moving average price of GBX 1,121.65. 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 company has a market cap of £6.66 billion, a price-to-earnings ratio of 1,346.24, a P/E/G ratio of 1.10 and a beta of 1.23.

St. James's Place (LON:STJ - Get Free Report) last posted its earnings results on Thursday, July 31st. The company reported GBX 52 earnings per share 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, equities research analysts predict 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.

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