HSBC Holdings plc Reaffirms “Buy” Rating for St. James's Place plc (STJ)
St. James's Place plc (LON:STJ)‘s stock had its “buy” rating reiterated by research analysts at HSBC Holdings plc in a report released on Tuesday. They currently have a GBX 1,280 ($16.19) price objective on the stock. HSBC Holdings plc’s price target suggests a potential upside of 3.56% from the company’s current price.
Other equities research analysts also recently issued reports about the company. Goldman Sachs Group, Inc. (The) lifted their price objective on St. James's Place plc from GBX 1,205 ($15.24) to GBX 1,240 ($15.69) and gave the company a “buy” rating in a report on Monday, May 15th. Deutsche Bank AG reaffirmed a “hold” rating and set a GBX 1,100 ($13.92) price objective on shares of St. James's Place plc in a report on Tuesday, May 16th. Numis Securities Ltd reaffirmed an “add” rating and set a GBX 1,200 ($15.18) price objective on shares of St. James's Place plc in a report on Wednesday, May 3rd. Barclays PLC reaffirmed an “overweight” rating and set a GBX 1,169 ($14.79) price objective on shares of St. James's Place plc in a report on Thursday, May 4th. Finally, Credit Suisse Group started coverage on St. James's Place plc in a report on Thursday, April 27th. They set an “outperform” rating and a GBX 1,240 ($15.69) price objective on the stock. Five equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. St. James's Place plc has a consensus rating of “Buy” and a consensus price target of GBX 1,182.21 ($14.96).
St. James's Place plc (LON:STJ) traded up 4.2159% on Tuesday, reaching GBX 1198.7803. The company’s stock had a trading volume of 4,119,604 shares. The firm’s market capitalization is GBX 6.26 billion. The stock’s 50 day moving average is GBX 1,172.97 and its 200-day moving average is GBX 1,081.07. St. James's Place plc has a 52 week low of GBX 521.00 and a 52 week high of GBX 1,236.00.
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In other news, insider Andrew Croft sold 6,471 shares of the business’s stock in a transaction that occurred on Monday, March 27th. The stock was sold at an average price of GBX 1,053 ($13.32), for a total value of £68,139.63 ($86,198.14).
About St. James's Place plc
St. James’s Place plc is a United Kingdom-based company, which provides wealth management advice, investment management and related services to businesses and individuals across the United Kingdom. The Company’s segments include Life business, Unit Trust business, Distribution business and Other. The Company’s Life business segment offers pensions, protection and investment products through its life assurance subsidiaries.
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