St. James’s Place (LON:STJ) Share Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Shares of St. James’s Place plc (LON:STJ) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,180.95 and traded as high as GBX 1,337.70. St. James’s Place shares last traded at GBX 1,328.50, with a volume of 3,488,858 shares.

Analyst Upgrades and Downgrades

STJ has been the topic of a number of recent analyst reports. Berenberg Bank boosted their price objective on shares of 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. JPMorgan Chase & Co. boosted their price objective on shares of St. James’s Place from GBX 1,600 to GBX 1,620 and gave the stock an “overweight” rating in a report on Tuesday. Citigroup boosted their price objective on shares of 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 boosted their price objective on shares of 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. Finally, Jefferies Financial Group boosted their price objective on shares of St. James’s Place from GBX 1,160 to GBX 1,600 and gave the stock a “buy” rating in a report on Monday, October 20th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat.com, St. James’s Place presently has an average rating of “Moderate Buy” and an average price target of GBX 1,559.17.

St. James’s Place Trading Down 1.0%

The firm has a market cap of £6.81 billion, a price-to-earnings ratio of 13.87, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23. The business’s 50 day moving average price is GBX 1,285.69 and its 200-day moving average price is GBX 1,180.95. The company has a debt-to-equity ratio of 55.10, a quick ratio of 3.85 and a current ratio of 0.60.

St. James’s Place (LON:STJ) last issued its earnings results 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%. Equities analysts expect 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.