St. James’s Place (LON:STJ) Given “Buy” Rating at Berenberg Bank

St. James’s Place (LON:STJ)‘s stock had its “buy” rating restated by Berenberg Bank in a report issued on Friday, Digital Look reports. They presently have a GBX 1,945 price target on the stock. Berenberg Bank‘s price objective points to a potential upside of 83.66% from the stock’s previous close.

A number of other brokerages have also issued reports on STJ. Citigroup decreased their target price on shares of St. James’s Place from GBX 1,830 to GBX 1,820 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,700 price target on shares of St. James’s Place in a research report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 2,050 price target on shares of St. James’s Place in a research note on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of GBX 1,721.86.

St. James’s Place Price Performance

Shares of LON STJ opened at GBX 1,059 on Friday. The stock has a market cap of £5.22 billion, a price-to-earnings ratio of 9.93, a PEG ratio of 1.10 and a beta of 1.02. The company has a current ratio of 0.39, a quick ratio of 3.85 and a debt-to-equity ratio of 33.04. St. James’s Place has a 52 week low of GBX 1,011.50 and a 52 week high of GBX 1,575.50. The company’s 50-day moving average price is GBX 1,101.42 and its 200 day moving average price is GBX 1,211.76.

St. James’s Place (LON:STJ) last released its quarterly earnings data 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%. As a group, research analysts forecast that St. James’s Place will post 67.99 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Paul Manduca bought 3,624 shares of the company’s stock in a transaction that occurred on Wednesday, September 23rd. The stock was acquired at an average price of GBX 1,098 per share, for a total transaction of £39,791.52. 1.22% of the stock is owned by company insiders.

About St. James’s Place

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.