St. James’s Place (LON:STJ) Given New GBX 1,945 Price Target at Berenberg Bank

St. James’s Place (LON:STJ) had its target price boosted by analysts at Berenberg Bank from GBX 1,800 to GBX 1,945 in a research note issued to investors on Friday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price target would indicate a potential upside of 72.93% from the stock’s previous close.

STJ has been the topic of a number of other research reports. Citigroup upped their target price on shares of St. James’s Place from GBX 1,790 to GBX 1,830 and gave the company a “buy” rating in a research note on Tuesday, July 14th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a GBX 1,400 price objective on shares of St. James’s Place in a report on Thursday, April 30th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 1,700 price objective on shares of St. James’s Place in a research note on Wednesday, July 29th. JPMorgan Chase & Co. dropped their target price on St. James’s Place from GBX 1,686 to GBX 1,663 and set an “overweight” rating for the company in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 2,050 target price on shares of St. James’s Place in a research report on Thursday, July 30th. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,723.29.

St. James’s Place Stock Performance

STJ opened at GBX 1,124.75 on Friday. The stock’s 50 day simple moving average is GBX 1,159.66 and its 200-day simple moving average is GBX 1,245.71. The company has a current ratio of 0.39, a quick ratio of 3.85 and a debt-to-equity ratio of 33.04. The stock has a market cap of £5.69 billion, a PE ratio of 10.55, a P/E/G ratio of 1.10 and a beta of 1.02. St. James’s Place has a 1 year low of GBX 1,038.75 and a 1 year high of GBX 1,575.50.

St. James’s Place (LON:STJ) last issued its earnings results on Wednesday, July 29th. The company reported GBX 43.30 EPS for the quarter. St. James’s Place had a return on equity of 37.02% and a net margin of 1.25%. Sell-side analysts forecast that St. James’s Place will post 67.9947461 EPS for the current year.

Insider Transactions at St. James’s Place

In other news, insider Evelyn Bourke purchased 2,374 shares of St. James’s Place stock in a transaction on Friday, July 31st. The shares were purchased at an average cost of GBX 1,053 per share, for a total transaction of £24,998.22. Also, insider Penny James purchased 8,418 shares of St. James’s Place stock in a transaction on Monday, May 11th. The stock was purchased at an average price of GBX 1,182 per share, for a total transaction of £99,500.76. Company insiders own 1.21% of the company’s stock.

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.