St. James's Place (LON:STJ) Trading 11.9% Higher - Here's Why

Key Points

• St. James's Place stock price increased by 11.9%, reaching GBX 1,308.50 ($17.29) during trading, with trading volume significantly above average.
• Equities research analysts have raised their price targets for St. James's Place, with Deutsche Bank upgrading to GBX 1,750 ($23.12) and multiple analysts giving it a "buy" rating.
• The company reported a quarterly earnings of GBX 52 ($0.69) per share, but maintains a negative return on equity of -0.63% and a negative net margin.

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

Analyst Upgrades and Downgrades

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

St. James's Place Stock Performance

The company has a market capitalization of £7.30 billion, a PE ratio of -1,131.07, a PEG ratio of 1.10 and a beta of 1.23. The firm has a 50-day moving average of GBX 1,159.67 and a two-hundred day moving average of GBX 1,056.94. The company has a quick ratio of 3.85, a current ratio of 0.60 and a debt-to-equity ratio of 55.10.

St. James's Place (LON:STJ - Get Free Report) last posted 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%. 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.