St. James's Place plc (STJ) Cut to Neutral at Goldman Sachs Group, Inc. (The)
St. James's Place plc (LON:STJ) was downgraded by research analysts at Goldman Sachs Group, Inc. (The) to a “neutral” rating in a research note issued to investors on Tuesday. They presently have a GBX 1,200 ($15.50) target price on the stock, down from their previous target price of GBX 1,275 ($16.47). Goldman Sachs Group, Inc. (The)’s price objective suggests a potential upside of 4.35% from the company’s previous close.
Several other research analysts have also weighed in on the stock. Barclays PLC boosted their price objective on shares of St. James's Place plc from GBX 1,198 ($15.47) to GBX 1,256 ($16.22) and gave the stock an “overweight” rating in a research note on Monday. Macquarie restated an “outperform” rating and set a GBX 1,388 ($17.93) price objective on shares of St. James's Place plc in a research note on Wednesday, August 9th. J P Morgan Chase & Co boosted their price objective on shares of St. James's Place plc from GBX 1,221 ($15.77) to GBX 1,288 ($16.63) and gave the stock an “overweight” rating in a research note on Friday, July 28th. Deutsche Bank AG lifted their target price on shares of St. James's Place plc from GBX 1,100 ($14.21) to GBX 1,260 ($16.27) and gave the stock a “hold” rating in a report on Friday, July 28th. Finally, Shore Capital reaffirmed a “buy” rating on shares of St. James's Place plc in a report on Thursday, July 27th. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. St. James's Place plc currently has a consensus rating of “Buy” and an average price target of GBX 1,227.38 ($15.85).
Shares of St. James's Place plc (STJ) opened at 1143.00 on Tuesday. The company’s market capitalization is GBX 5.99 billion. The company has a 50-day moving average of GBX 1,185.36 and a 200-day moving average of GBX 1,148.02. St. James's Place plc has a one year low of GBX 896.00 and a one year high of GBX 1,245.00.
St. James's Place plc (LON:STJ) last released its quarterly earnings data on Thursday, July 27th. The company reported $0.16 earnings per share for the quarter, missing the consensus estimate of $0.25 by $0.09. St. James's Place plc had a return on equity of 11.68% and a net margin of 1.18%. On average, analysts anticipate that St. James's Place plc will post $42.41 earnings per share for the current year.
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In other St. James's Place plc news, insider Roger Yates acquired 10,000 shares of the business’s stock in a transaction on Monday, July 31st. The stock was purchased at an average price of GBX 1,218 ($15.73) per share, with a total value of £121,800 ($157,303.37).
St. James's Place plc Company Profile
St. James’s Place plc is a United Kingdom-based company, which provides wealth management advice, investment management and related services to businesses and individuals across the United Kingdom. The Company’s segments include Life business, Unit Trust business, Distribution business and Other. The Company’s Life business segment offers pensions, protection and investment products through its life assurance subsidiaries.
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