St. James's Place (LON:STJ) Trading Up 11.9% - Here's What Happened

Key Points

• St. James's Place plc stock surged by 11.9% during mid-day trading, reaching a high of GBX 1,308.50 ($17.29), significantly above its previous close of GBX 1,169.50 ($15.45).
• Several financial analysts have raised their price targets for the stock, with Deutsche Bank increasing it from GBX 1,200 ($15.85) to GBX 1,750 ($23.12) and issuing a "buy" rating.
• The company reported an earnings per share of GBX 52 ($0.69) for the last quarter, with analysts projecting an EPS of approximately 68 for the current year.

St. James's Place plc (LON:STJ - Get Free Report) was up 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 mid-day 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).

Analysts Set New Price Targets

Several analysts recently issued reports on STJ shares. Deutsche Bank Aktiengesellschaft lifted their price target on shares of 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 report on Monday. JPMorgan Chase & Co. reissued an "overweight" rating and issued a GBX 1,410 ($18.63) price target on shares of St. James's Place in a research report on Tuesday, July 8th. Royal Bank Of Canada lifted their price objective on shares of St. James's Place from GBX 1,025 ($13.54) to GBX 1,075 ($14.20) and gave the stock a "sector perform" rating in a report on Monday, July 14th. Finally, Citigroup lifted their price objective 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 report on Thursday, July 10th.

St. James's Place Stock Up 11.9%

The stock's fifty day moving average is GBX 1,150.44 and its two-hundred day moving average is GBX 1,048.20. The company has a current ratio of 0.60, a quick ratio of 3.85 and a debt-to-equity ratio of 55.10. The company has a market capitalization of £7.08 billion, a PE ratio of -1,096.71, 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 results on Thursday, July 31st. The company reported GBX 52 ($0.69) 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, analysts predict 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.

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