St. James’s Place (LON:STJ) Sets New 1-Year High – What’s Next?

St. James’s Place plc (LON:STJ)’s share price hit a new 52-week high on Monday . The stock traded as high as GBX 1,405.54 and last traded at GBX 1,392, with a volume of 268736 shares changing hands. The stock had previously closed at GBX 1,398.

Wall Street Analysts Forecast Growth

STJ has been the subject of several recent analyst reports. Jefferies Financial Group increased their price target on St. James’s Place from GBX 1,160 to GBX 1,600 and gave the stock a “buy” rating in a research note on Monday, October 20th. Deutsche Bank Aktiengesellschaft increased 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 report on Thursday, October 2nd. JPMorgan Chase & Co. raised their target price on shares of St. James’s Place from GBX 1,600 to GBX 1,620 and gave the company an “overweight” rating in a research note on Tuesday, October 28th. Finally, Citigroup upped their price target on shares of 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 research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 1,572.50.

St. James’s Place Price Performance

The company has a fifty day simple moving average of GBX 1,342.50 and a 200-day simple moving average of GBX 1,274.23. The company has a market cap of £7.24 billion, a P/E ratio of 14.76, a PEG ratio of 1.10 and a beta of 1.23. The company has a debt-to-equity ratio of 55.10, a current ratio of 0.60 and a quick ratio of 3.85.

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.