St. James’s Place plc (STJ) Receives Consensus Rating of “Buy” from Analysts
Shares of St. James’s Place plc (LON:STJ) have been assigned a consensus recommendation of “Buy” from the fifteen analysts that are covering the company, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is GBX 1,248.69 ($16.42).
STJ has been the topic of a number of recent analyst reports. Numis Securities Ltd raised their price objective on St. James’s Place from GBX 1,310 ($17.23) to GBX 1,385 ($18.22) and gave the company an “add” rating in a research note on Tuesday, October 24th. HSBC Holdings PLC raised their price objective on St. James’s Place from GBX 1,350 ($17.76) to GBX 1,380 ($18.15) and gave the company a “buy” rating in a research note on Thursday. Goldman Sachs Group Inc downgraded St. James’s Place from a “buy” rating to a “neutral” rating and cut their price objective for the company from GBX 1,275 ($16.77) to GBX 1,200 ($15.78) in a research note on Tuesday, September 12th. Macquarie reissued an “outperform” rating and issued a GBX 1,388 ($18.26) price objective on shares of St. James’s Place in a research note on Wednesday, August 9th. Finally, J P Morgan Chase & Co reissued an “overweight” rating on shares of St. James’s Place in a research note on Thursday, November 16th.
In other news, insider David Lamb sold 38,325 shares of St. James’s Place stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of GBX 1,172 ($15.41), for a total transaction of £449,169 ($590,778.64).
Shares of St. James’s Place (LON STJ) traded up GBX 7 ($0.09) during mid-day trading on Friday, hitting GBX 1,186 ($15.60). The company had a trading volume of 900,956 shares, compared to its average volume of 1,410,000. St. James’s Place has a 1-year low of GBX 926 ($12.18) and a 1-year high of GBX 1,245 ($16.38).
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About St. James’s Place
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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