St. James’s Place (LON:STJ) Share Price Passes Above 200 Day Moving Average – Here’s Why

St. James’s Place plc (LON:STJ) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,242.38 and traded as high as GBX 1,380. St. James’s Place shares last traded at GBX 1,364.02, with a volume of 2,503,775 shares changing hands.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. Citigroup boosted 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. Jefferies Financial Group boosted their price target 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. JPMorgan Chase & Co. upped 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 research note on Tuesday, October 28th. Berenberg Bank lifted their target price on shares of St. James’s Place from GBX 1,300 to GBX 1,650 and gave the company a “buy” rating in a research note on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on 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. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, St. James’s Place currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,572.50.

St. James’s Place Trading Up 0.6%

The company has a quick ratio of 3.85, a current ratio of 0.60 and a debt-to-equity ratio of 55.10. The business’s fifty day moving average is GBX 1,319.46 and its two-hundred day moving average is GBX 1,242.38. The firm has a market cap of £7.09 billion, a price-to-earnings ratio of 14.46, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23.

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.