Citigroup Increases St. James’s Place (LON:STJ) Price Target to GBX 1,870

St. James’s Place (LON:STJ) had its target price raised by research analysts at Citigroup from GBX 1,790 to GBX 1,870 in a research report issued on Wednesday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective suggests a potential upside of 40.44% from the company’s previous close.

Several other analysts have also issued reports on STJ. Royal Bank Of Canada boosted their target price on St. James’s Place from GBX 1,350 to GBX 1,375 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. JPMorgan Chase & Co. boosted their price objective on St. James’s Place from GBX 1,725 to GBX 1,726 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Finally, UBS Group reaffirmed a “neutral” rating and set a GBX 1,475 price objective on shares of St. James’s Place in a report on Friday, January 16th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, St. James’s Place currently has an average rating of “Moderate Buy” and an average target price of GBX 1,656.57.

St. James’s Place Price Performance

STJ opened at GBX 1,331.50 on Wednesday. St. James’s Place has a twelve month low of GBX 741.40 and a twelve month high of GBX 1,575.50. The company’s 50-day moving average price is GBX 1,406.38 and its two-hundred day moving average price is GBX 1,343.61. The stock has a market cap of £6.92 billion, a price-to-earnings ratio of 14.12, a PEG ratio of 1.10 and a beta of 1.09.

St. James’s Place (LON:STJ) last posted 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%. As a group, sell-side analysts anticipate that St. James’s Place will post 67.9947461 earnings per share for the current 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.