St. James’ Place’s (STJ) Overweight Rating Reiterated at Morgan Stanley

St. James’s Place (LON:STJGet Rating)‘s stock had its “overweight” rating reaffirmed by Morgan Stanley in a note issued to investors on Wednesday, Digital Look reports.

Other research analysts have also recently issued research reports about the stock. Citigroup reaffirmed a “neutral” rating and issued a GBX 1,680 ($20.71) price target on shares of St. James’s Place in a report on Wednesday, January 26th. Barclays reaffirmed an “equal weight” rating and issued a GBX 1,767 ($21.79) price target on shares of St. James’s Place in a report on Monday. Berenberg Bank reduced their target price on St. James’s Place from GBX 1,900 ($23.42) to GBX 1,750 ($21.58) and set a “buy” rating on the stock in a research note on Friday, April 1st. JPMorgan Chase & Co. dropped their price target on St. James’s Place from GBX 1,700 ($20.96) to GBX 1,600 ($19.73) and set a “neutral” rating for the company in a research note on Friday, February 25th. Finally, Shore Capital reiterated an “under review” rating on shares of St. James’s Place in a research report on Thursday, January 27th. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of GBX 1,655.78 ($20.41).

St. James’s Place stock opened at GBX 1,209 ($14.91) on Wednesday. The stock has a market cap of £6.56 billion and a P/E ratio of 23.03. St. James’s Place has a fifty-two week low of GBX 1,156.50 ($14.26) and a fifty-two week high of GBX 1,742.50 ($21.48). The firm’s fifty day moving average price is GBX 1,363.50 and its 200-day moving average price is GBX 1,499.62. The company has a debt-to-equity ratio of 59.31, a quick ratio of 1.20 and a current ratio of 1.52.

In related news, insider Andrew Croft purchased 134 shares of St. James’s Place stock in a transaction that occurred on Friday, March 25th. The shares were acquired at an average cost of GBX 1,464 ($18.05) per share, for a total transaction of £1,961.76 ($2,418.64). Also, insider Ian Gascoigne sold 29,722 shares of the firm’s stock in a transaction that occurred on Thursday, March 3rd. The stock was sold at an average price of GBX 1,280 ($15.78), for a total value of £380,441.60 ($469,044.01).

About St. James’s Place (Get Rating)

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.

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