St. James’s Place (LON:STJ) Sets New 12-Month High – Time to Buy?

St. James’s Place plc (LON:STJ)’s share price reached a new 52-week high on Tuesday . The company traded as high as GBX 1,400 and last traded at GBX 1,396.50, with a volume of 1338767 shares changing hands. The stock had previously closed at GBX 1,389.50.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on STJ shares. Jefferies Financial Group upped their target price on shares of 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. JPMorgan Chase & Co. raised their target price on St. James’s Place from GBX 1,600 to GBX 1,620 and gave the company an “overweight” rating in a report on Tuesday, October 28th. Citigroup upped their price target on St. James’s Place from GBX 1,510 to GBX 1,590 and gave the stock a “buy” rating in a report on Tuesday, November 4th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of St. James’s Place from GBX 1,800 to GBX 1,900 and gave the stock a “buy” rating in a report on Thursday, October 2nd. Five research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, St. James’s Place currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,572.50.

St. James’s Place Stock Performance

The company’s 50-day moving average is GBX 1,337.68 and its two-hundred day moving average is GBX 1,266.40. The company has a quick ratio of 3.85, a current ratio of 0.60 and a debt-to-equity ratio of 55.10. The company has a market cap of £7.26 billion, a P/E ratio of 14.80, a price-to-earnings-growth 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.