St. James’s Place (LON:STJ) Sets New 52-Week High – Time to Buy?

St. James’s Place plc (LON:STJ)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 1,575.50 and last traded at GBX 1,550.94, with a volume of 2043457 shares trading hands. The stock had previously closed at GBX 1,542.50.

Wall Street Analyst Weigh In

STJ has been the topic of a number of recent analyst reports. Royal Bank Of Canada boosted their price target on shares of St. James’s Place from GBX 1,350 to GBX 1,375 and gave the stock a “sector perform” rating in a research note on Monday. Citigroup increased their price target on shares of St. James’s Place from GBX 1,590 to GBX 1,790 and gave the company a “buy” rating in a report on Friday, January 16th. JPMorgan Chase & Co. lifted their price target on shares of St. James’s Place from GBX 1,725 to GBX 1,726 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Jefferies Financial Group boosted their target price on St. James’s Place from GBX 1,160 to GBX 1,600 and gave the stock a “buy” rating in a research report on Monday, October 20th. Finally, UBS Group reissued a “neutral” rating and issued a GBX 1,475 price objective on shares of St. James’s Place in a research note on Friday, January 16th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,645.14.

St. James’s Place Trading Down 2.5%

The company has a market capitalization of £7.69 billion, a PE ratio of 15.68, a P/E/G ratio of 1.10 and a beta of 1.23. The company has a debt-to-equity ratio of 55.10, a quick ratio of 3.85 and a current ratio of 0.60. The business has a fifty day moving average price of GBX 1,429.03 and a 200 day moving average price of GBX 1,335.75.

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.