St. James’s Place (LON:STJ) Stock Price Crosses Above 50-Day Moving Average – Time to Sell?

Shares of St. James’s Place plc (LON:STJ) crossed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 1,093.82 and traded as high as GBX 1,145.75. St. James’s Place shares last traded at GBX 1,145, with a volume of 3,000,294 shares traded.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,700 price objective on shares of St. James’s Place in a research report on Wednesday, July 29th. Citigroup cut their target price on shares of St. James’s Place from GBX 1,830 to GBX 1,820 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,945 target price on shares of St. James’s Place in a research report on Friday, October 30th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 2,050 target price on shares of St. James’s Place in a research note on Thursday, July 30th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 1,721.86.

St. James’s Place Trading Up 0.8%

The firm has a market capitalization of £5.68 billion, a price-to-earnings ratio of 10.83, a price-to-earnings-growth ratio of 1.10 and a beta of 1.02. The company has a fifty day moving average price of GBX 1,093.82 and a 200-day moving average price of GBX 1,204.11. The company has a current ratio of 0.39, a quick ratio of 3.85 and a debt-to-equity ratio of 33.04.

Insiders Place Their Bets

In other St. James’s Place news, insider Paul Manduca acquired 3,624 shares of the business’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were purchased at an average price of GBX 1,098 per share, with a total value of £39,791.52. Insiders own 1.22% of the company’s stock.

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.