St. James's Place (LON:STJ) Share Price Passes Above 200-Day Moving Average - Should You Sell?

Key Points

• St. James's Place shares crossed above their 200-day moving average, which is a potential indicator of a positive trend, trading at GBX 1,225.95 ($16.47).
• Wall Street analysts have expressed optimism about St. James's Place, raising price targets significantly, with a consensus rating of "Moderate Buy" and an average target price of GBX 1,485.
• The company reported a negative net margin of 0.02% and a PE ratio of 1,302.76, indicating potential concerns regarding profitability despite favorable analyst ratings.

St. James's Place plc (LON:STJ - Get Free Report) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,098.94 ($14.87) and traded as high as GBX 1,229.50 ($16.63). St. James's Place shares last traded at GBX 1,225.95 ($16.58), with a volume of 1,422,243 shares changing hands.

Wall Street Analysts Forecast Growth

STJ has been the subject of several recent analyst reports. Royal Bank Of Canada boosted their price objective on St. James's Place from GBX 1,025 to GBX 1,075 and gave the stock a "sector perform" rating in a report on Monday, July 14th. Berenberg Bank boosted their price target on shares of St. James's Place from GBX 1,300 to GBX 1,650 and gave the stock a "buy" rating in a research note on Monday, August 11th. Deutsche Bank Aktiengesellschaft boosted their price target 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 note on Monday, July 28th. JPMorgan Chase & Co. boosted their price target on shares of St. James's Place from GBX 1,410 to GBX 1,550 and gave the stock an "overweight" rating in a research note on Thursday, August 7th. Finally, Citigroup boosted their price target 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 note on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,485.

St. James's Place Stock Performance

The firm has a market cap of £6.56 billion, a PE ratio of 1,326.09, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23. The company has a 50 day simple moving average of GBX 1,244.86 and a 200-day simple moving average of GBX 1,100.56. The company has a debt-to-equity ratio of 55.10, a current ratio of 0.60 and a quick ratio of 3.85.

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