Goldman Sachs Upgrades St. James's Place plc to Conviction-Buy (STJ)
St. James's Place plc (LON:STJ) was upgraded by Goldman Sachs to a “conviction-buy” rating in a research note issued on Thursday, Analyst Ratings.Net reports. The firm currently has a GBX 920 ($15.45) price objective on the stock, up from their previous price objective of GBX 840 ($14.11). Goldman Sachs’ target price would indicate a potential upside of 18.10% from the stock’s previous close.
A number of other analysts have also recently weighed in on STJ. Analysts at Berenberg Bank raised their price target on shares of St. James's Place plc from GBX 715 ($12.01) to GBX 860 ($14.44) in a research note on Thursday, April 17th. They now have a “buy” rating on the stock. Separately, analysts at Nomura reiterated a “hold” rating on shares of St. James's Place plc in a research note on Thursday, April 3rd. They now have a GBX 875 ($14.70) price target on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of St. James's Place plc from GBX 868 ($14.58) to GBX 909 ($15.27) in a research note on Wednesday, April 2nd. They now have an “overweight” rating on the stock. Four investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. St. James's Place plc presently has an average rating of “Buy” and an average target price of GBX 824.50 ($13.85).
Shares of St. James's Place plc (LON:STJ) traded down 1.08% during mid-day trading on Thursday, hitting GBX 779.00. 921,358 shares of the company’s stock traded hands. St. James's Place plc has a 1-year low of GBX 488.40 and a 1-year high of GBX 908.50. The stock has a 50-day moving average of GBX 819.0 and a 200-day moving average of GBX 736.6. The company’s market cap is £3.981 billion.
St. James’s Place plc is a financial services holding company, with principal interests in the provision of wealth management advice and services to the clients.
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