St. James’s Place (LON:STJ) Earns “Overweight” Rating from Barclays

St. James’s Place (LON:STJ)‘s stock had its “overweight” rating reissued by investment analysts at Barclays in a research report issued to clients and investors on Tuesday, Marketbeat reports. They currently have a GBX 700 ($8.65) target price on the stock. Barclays‘s price target suggests a potential upside of 57.66% from the stock’s current price.

A number of other research firms also recently issued reports on STJ. Royal Bank of Canada downgraded shares of St. James’s Place to a “sector perform” rating and set a GBX 500 ($6.18) target price for the company. in a research report on Friday, March 22nd. Citigroup raised shares of St. James’s Place to a “buy” rating in a research note on Thursday, February 29th. Berenberg Bank decreased their price objective on shares of St. James’s Place from GBX 850 ($10.50) to GBX 750 ($9.26) and set a “buy” rating on the stock in a report on Monday, March 11th. Finally, JPMorgan Chase & Co. decreased their price objective on shares of St. James’s Place from GBX 793 ($9.79) to GBX 637 ($7.87) and set a “neutral” rating on the stock in a report on Friday, March 1st. Two analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 646.75 ($7.99).

St. James’s Place Price Performance

LON STJ opened at GBX 444 ($5.48) on Tuesday. The firm’s fifty day simple moving average is GBX 488.04 and its two-hundred day simple moving average is GBX 601.69. The company has a current ratio of 1.10, a quick ratio of 3.85 and a debt-to-equity ratio of 37.81. St. James’s Place has a 12-month low of GBX 393.60 ($4.86) and a 12-month high of GBX 1,245 ($15.38). The firm has a market capitalization of £2.44 billion, a P/E ratio of -22,200.00, a P/E/G ratio of 1.10 and a beta of 1.20.

Insider Activity

In related news, insider Mark FitzPatrick bought 436 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were purchased at an average cost of GBX 452 ($5.58) per share, with a total value of £1,970.72 ($2,434.19). Company insiders own 0.81% of the company’s stock.

About St. James’s Place

St. James's Place plc is a publicly owned investment manager. The firm launches and manages equity, fixed income, and balanced mutual funds for its clients. It invests in public equity and fixed income market across the globe. The firm was formerly known as St. James's Place Capital plc. St.