Citigroup Forecasts Strong Price Appreciation for St. James’s Place (LON:STJ) Stock

St. James’s Place (LON:STJ) had its price target increased by analysts at Citigroup from GBX 1,510 to GBX 1,590 in a research report issued on Tuesday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock. Citigroup’s target price indicates a potential upside of 21.45% from the company’s previous close.

A number of other research analysts have also weighed in on STJ. JPMorgan Chase & Co. boosted their target price on shares of St. James’s Place from GBX 1,600 to GBX 1,620 and gave the stock an “overweight” rating in a research report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of St. James’s Place from GBX 1,800 to GBX 1,900 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Royal Bank Of Canada boosted their price objective on shares of St. James’s Place from GBX 1,025 to GBX 1,075 and gave the stock a “sector perform” rating in a report on Monday, July 14th. Berenberg Bank boosted their price objective on shares of St. James’s Place from GBX 1,300 to GBX 1,650 and gave the stock a “buy” rating in a report on Monday, August 11th. Finally, Jefferies Financial Group boosted their price objective on shares of St. James’s Place from GBX 1,160 to GBX 1,600 and gave the stock a “buy” rating in a report on Monday, October 20th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, St. James’s Place currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,572.50.

St. James’s Place Stock Performance

St. James’s Place stock traded up GBX 1.17 on Tuesday, reaching GBX 1,309.17. 1,205,501 shares of the stock were exchanged, compared to its average volume of 5,065,102. The stock has a market cap of £6.81 billion, a PE ratio of 13.88, a PEG ratio of 1.10 and a beta of 1.23. The company has a current ratio of 0.60, a quick ratio of 3.85 and a debt-to-equity ratio of 55.10. St. James’s Place has a twelve month low of GBX 741.40 and a twelve month high of GBX 1,378.50. The firm has a fifty day moving average price of GBX 1,285.46 and a two-hundred day moving average price of GBX 1,191.09.

St. James’s Place Company Profile

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.