St. James's Place (LON:STJ) Stock Price Up 11.9% - Here's Why

Key Points

• St. James's Place plc shares surged 11.9% during mid-day trading, reaching GBX 1,308.50 ($17.29). The trading volume increased by 28% compared to the average daily volume.
• Several analysts have upgraded their price targets for St. James's Place, with Deutsche Bank raising it to GBX 1,750 ($23.12) and Citigroup increasing theirs to GBX 1,400 ($18.49), both giving the stock a "buy" rating.
• The company reported a negative net margin of 0.02% and a negative return on equity of 0.63%, while analysts predict an EPS of 67.99 for the current year.

St. James's Place plc (LON:STJ - Get Free Report) shares rose 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). Approximately 6,267,668 shares were traded during 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 ($15.45).

Wall Street Analysts Forecast Growth

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

St. James's Place Stock Performance

The company has a debt-to-equity ratio of 55.10, a current ratio of 0.60 and a quick ratio of 3.85. The company has a market cap of £7.08 billion, a PE ratio of -1,096.71, a PEG ratio of 1.10 and a beta of 1.23. The stock has a 50 day simple moving average of GBX 1,150.44 and a two-hundred day simple moving average of GBX 1,048.20.

St. James's Place (LON:STJ - Get Free Report) last posted 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%. Equities analysts predict that St. James's Place plc will post 67.9947461 EPS for the current 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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