Jefferies Financial Group Issues Pessimistic Forecast for St. James’s Place (LON:STJ) Stock Price

St. James’s Place (LON:STJ) had its price target dropped by stock analysts at Jefferies Financial Group from GBX 1,800 to GBX 1,700 in a research note issued on Thursday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Jefferies Financial Group’s target price would indicate a potential upside of 40.38% from the company’s previous close.

A number of other research analysts have also recently issued reports on the stock. JPMorgan Chase & Co. cut their target price on shares of St. James’s Place from GBX 725 to GBX 625 and set a “buy” rating for the company in a research note on Wednesday, March 18th. Citigroup increased their price target on St. James’s Place from GBX 1,790 to GBX 1,870 and gave the stock a “buy” rating in a research report on Wednesday, March 4th. UBS Group reiterated a “neutral” rating and issued a GBX 1,475 price objective on shares of St. James’s Place in a research report on Friday, January 16th. Finally, Royal Bank Of Canada boosted their price objective on St. James’s Place from GBX 1,350 to GBX 1,375 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,513.57.

St. James’s Place Stock Performance

Shares of St. James’s Place stock opened at GBX 1,211 on Thursday. St. James’s Place has a 12-month low of GBX 741.40 and a 12-month high of GBX 1,575.50. The stock has a market capitalization of £6.28 billion, a P/E ratio of 12.26, a price-to-earnings-growth ratio of 1.10 and a beta of 1.02. The company has a 50-day simple moving average of GBX 1,323.02 and a 200 day simple moving average of GBX 1,340.88. The company has a quick ratio of 3.85, a current ratio of 3.80 and a debt-to-equity ratio of 36.73.

St. James’s Place (LON:STJ) last released its quarterly earnings results on Wednesday, February 25th. The company reported GBX 99.90 EPS for the quarter. St. James’s Place had a net margin of 1.76% and a return on equity of 37.33%. Research analysts expect that St. James’s Place will post 67.9947461 earnings per share for the current fiscal year.

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.