St. James’s Place (LON:STJ) Sets New 52-Week High – Should You Buy?

St. James’s Place plc (LON:STJ) reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 1,377 ($18.34) and last traded at GBX 1,367.75 ($18.22), with a volume of 2899041 shares. The stock had previously closed at GBX 1,357.50 ($18.08).

Analyst Ratings Changes

STJ has been the topic of several analyst reports. Royal Bank Of Canada lifted their price target on St. James’s Place from GBX 1,025 to GBX 1,075 and gave the stock a “sector perform” rating in a report on Monday, July 14th. Citigroup lifted their price target on St. James’s Place from GBX 1,400 to GBX 1,510 and gave the stock a “buy” rating in a report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft lifted their price target on St. James’s Place from GBX 1,800 to GBX 1,900 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Berenberg Bank lifted their price target on St. James’s Place from GBX 1,300 to GBX 1,650 and gave the stock a “buy” rating in a report on Monday, August 11th. Finally, JPMorgan Chase & Co. lifted their price target on St. James’s Place from GBX 1,550 to GBX 1,600 and gave the stock an “overweight” rating in a report on Monday. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 1,547.

St. James’s Place Stock Performance

The stock has a market capitalization of £7.09 billion, a PE ratio of 1,443.95, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23. The firm’s fifty day moving average is GBX 1,277.47 and its 200-day moving average is GBX 1,141.39. The company has a current ratio of 0.60, a quick ratio of 3.85 and a debt-to-equity ratio of 55.10.

St. James’s Place (LON:STJ) last issued its quarterly earnings data on Thursday, July 31st. The company reported GBX 52 earnings per share (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 anticipate that St. James’s Place plc will post 67.9947461 earnings per share 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.