St. James’s Place (LON:STJ) Shares Up 11.9% – What’s Next?

St. James’s Place plc (LON:STJ) shares shot up 11.9% during mid-day trading on Friday . The company traded as high as GBX 1,308.50 ($17.37) and last traded at GBX 1,308.50 ($17.37). 6,267,668 shares were traded during mid-day trading, an increase of 28% from the average session volume of 4,886,323 shares. The stock had previously closed at GBX 1,169.50 ($15.52).

Wall Street Analyst Weigh In

Several brokerages have recently commented on STJ. Deutsche Bank Aktiengesellschaft raised their target price on St. James’s Place from GBX 1,200 ($15.93) to GBX 1,750 ($23.23) and gave the stock a “buy” rating in a research report on Monday, July 28th. Citigroup raised their price objective on St. James’s Place from GBX 1,210 ($16.06) to GBX 1,400 ($18.58) and gave the stock a “buy” rating in a research report on Thursday, July 10th. Royal Bank Of Canada lifted their target price on St. James’s Place from GBX 1,025 ($13.60) to GBX 1,075 ($14.27) and gave the company a “sector perform” rating in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 1,410 ($18.72) price target on shares of St. James’s Place in a research report on Tuesday, July 8th.

St. James’s Place Trading Down 0.8%

The company has a debt-to-equity ratio of 55.10, a current ratio of 0.60 and a quick ratio of 3.85. The company has a fifty day moving average of GBX 1,154.66 and a 200-day moving average of GBX 1,052.63. The firm has a market capitalization of £7.02 billion, a PE ratio of -1,087.91, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23.

St. James’s Place (LON:STJ) last issued its earnings results on Thursday, July 31st. The company reported GBX 52 ($0.69) earnings per share for the quarter. St. James’s Place had a negative return on equity of 0.63% and a negative net margin of 0.02%. On average, sell-side analysts anticipate that St. James’s Place plc will post 67.9947461 earnings per share for the current fiscal year.

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.