St. James’s Place (LON:STJ) Shares Pass Above 200-Day Moving Average – Should You Sell?

St. James’s Place plc (LON:STJ) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,223.70 and traded as high as GBX 1,242.50. St. James’s Place shares last traded at GBX 1,235, with a volume of 1,278,489 shares changing hands.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted 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, October 28th. 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 company a “buy” rating in a research report on Monday, October 20th. Berenberg Bank upped their target price on shares of St. James’s Place from GBX 1,300 to GBX 1,650 and gave the stock a “buy” rating in a research report on Monday, August 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of St. James’s Place from GBX 1,800 to GBX 1,900 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, Citigroup upped their target price on shares of St. James’s Place from GBX 1,510 to GBX 1,590 and gave the company a “buy” rating in a research note on Tuesday, November 4th. Five equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,572.50.

St. James’s Place Price Performance

The stock has a market capitalization of £6.42 billion, a P/E ratio of 13.10, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23. The company has a current ratio of 0.60, a quick ratio of 3.85 and a debt-to-equity ratio of 55.10. The stock has a 50 day moving average of GBX 1,302.73 and a 200-day moving average of GBX 1,223.70.

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.