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

St. James’s Place plc (LON:STJ) shares hit a new 52-week high on Thursday . The stock traded as high as GBX 1,554.50 and last traded at GBX 1,549, with a volume of 12349908 shares. The stock had previously closed at GBX 1,505.50.

Analysts Set New Price Targets

Several brokerages recently issued reports on STJ. Citigroup boosted their price target on St. James’s Place from GBX 1,590 to GBX 1,790 and gave the company a “buy” rating in a research report on Friday, January 16th. Royal Bank Of Canada boosted their target price on St. James’s Place from GBX 1,300 to GBX 1,350 and gave the company a “sector perform” rating in a report on Friday, January 23rd. 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 report on Monday, October 20th. 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of St. James’s Place from GBX 1,725 to GBX 1,726 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, St. James’s Place presently has an average rating of “Moderate Buy” and an average target price of GBX 1,641.57.

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 company has a 50-day simple moving average of GBX 1,411.25 and a 200-day simple moving average of GBX 1,326.13. The stock has a market cap of £7.90 billion, a PE ratio of 16.12, a PEG ratio of 1.10 and a beta of 1.23.

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.