St. James’s Place (LON:STJ) Hits New 1-Year High – Time to Buy?

Shares of St. James’s Place plc (LON:STJ) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 1,464 and last traded at GBX 1,461, with a volume of 639378 shares changing hands. The stock had previously closed at GBX 1,442.67.

Wall Street Analyst Weigh In

STJ has been the subject of several research analyst reports. JPMorgan Chase & Co. raised their price objective on 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. Citigroup raised their price target on St. James’s Place from GBX 1,510 to GBX 1,590 and gave the company a “buy” rating in a research report on Tuesday, November 4th. Deutsche Bank Aktiengesellschaft lifted their price target on St. James’s Place from GBX 1,800 to GBX 1,900 and gave the stock a “buy” rating in a research note on Thursday, October 2nd. Finally, Jefferies Financial Group increased their price objective on shares of St. James’s Place from GBX 1,160 to GBX 1,600 and gave the company a “buy” rating in a research note on Monday, October 20th. Five investment 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, St. James’s Place presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,572.50.

St. James’s Place Price Performance

The company has a debt-to-equity ratio of 55.10, a current ratio of 0.60 and a quick ratio of 3.85. The firm has a market capitalization of £7.60 billion, a PE ratio of 15.49, a P/E/G ratio of 1.10 and a beta of 1.23. The company has a 50-day moving average price of GBX 1,358.81 and a 200-day moving average price of GBX 1,296.70.

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.