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

St. James’s Place plc (LON:STJ)’s stock price passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,259.12 and traded as high as GBX 1,360. St. James’s Place shares last traded at GBX 1,353, with a volume of 676,239 shares traded.

Analysts Set New Price Targets

Several analysts recently issued reports on STJ shares. JPMorgan Chase & Co. upped their price target on shares of St. James’s Place from GBX 1,600 to GBX 1,620 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Jefferies Financial Group boosted their target price on shares of St. James’s Place from GBX 1,160 to GBX 1,600 and gave the stock a “buy” rating in a research report on Monday, October 20th. Deutsche Bank Aktiengesellschaft upped their target price on shares of St. James’s Place from GBX 1,800 to GBX 1,900 and gave the company a “buy” rating in a research note on Thursday, October 2nd. Finally, Citigroup lifted their price target on St. James’s Place from GBX 1,510 to GBX 1,590 and gave the stock a “buy” rating in a research note on Tuesday, November 4th. Five analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, St. James’s Place currently has an average rating of “Moderate Buy” and an average price target of GBX 1,572.50.

St. James’s Place Stock Performance

The company has a market capitalization of £7.03 billion, a price-to-earnings ratio of 14.35, a P/E/G ratio of 1.10 and a beta of 1.23. The stock has a 50 day simple moving average of GBX 1,333.26 and a 200 day simple moving average of GBX 1,259.12. The company has a quick ratio of 3.85, a current ratio of 0.60 and a debt-to-equity ratio of 55.10.

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.