St. James's Place (LON:STJ) Stock Price Expected to Rise, JPMorgan Chase & Co. Analyst Says

Key Points

• JPMorgan Chase & Co. has raised the target price for St. James's Place from GBX 1,410 to GBX 1,550, indicating a potential upside of 17.16% from its previous close.
• Other brokers, including Deutsche Bank and Citigroup, have also increased their price objectives, reflecting positive sentiment towards the stock.
• As of Thursday, St. James's Place shares opened at GBX 1,323, with a 12-month low of GBX 680 and a high of GBX 1,366.50.

St. James's Place (LON:STJ - Get Free Report) had its target price lifted by equities research analysts at JPMorgan Chase & Co. from GBX 1,410 ($18.84) to GBX 1,550 ($20.71) in a research note issued on Thursday, MarketBeat reports. The brokerage presently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 17.16% from the stock's previous close.

A number of other brokerages have also commented on STJ. Deutsche Bank Aktiengesellschaft increased their price objective on shares of St. James's Place from GBX 1,200 ($16.03) to GBX 1,750 ($23.38) and gave the stock a "buy" rating in a report on Monday, July 28th. Royal Bank Of Canada increased their price objective on shares of St. James's Place from GBX 1,025 ($13.69) to GBX 1,075 ($14.36) and gave the stock a "sector perform" rating in a report on Monday, July 14th. Finally, Citigroup increased their price objective on shares of St. James's Place from GBX 1,210 ($16.16) to GBX 1,400 ($18.70) and gave the stock a "buy" rating in a report on Thursday, July 10th.

St. James's Place Stock Down 2.0%

Shares of LON:STJ opened at GBX 1,323 ($17.67) on Thursday. St. James's Place has a 12 month low of GBX 680 ($9.08) and a 12 month high of GBX 1,366.50 ($18.25). The company's 50-day moving average price is GBX 1,169.34 and its two-hundred day moving average price is GBX 1,060.94. 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 market cap of £7.15 billion, a P/E ratio of -1,108.86, a P/E/G 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 ($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%. As a group, research analysts forecast that St. James's Place 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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