JPMorgan Chase & Co. Has Lowered Expectations for St. James’s Place (LON:STJ) Stock Price

St. James’s Place (LON:STJ) had its price objective reduced by stock analysts at JPMorgan Chase & Co. from GBX 1,686 to GBX 1,663 in a research note issued to investors on Thursday,Digital Look reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 37.89% from the company’s current price.

Several other brokerages have also recently commented on STJ. Berenberg Bank restated a “buy” rating and issued a GBX 1,800 target price on shares of St. James’s Place in a research report on Thursday. Citigroup dropped their target price on shares of St. James’s Place from GBX 1,810 to GBX 1,790 and set a “buy” rating for the company in a research report on Thursday. Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 1,400 target price on shares of St. James’s Place in a research report on Thursday. Jefferies Financial Group restated a “buy” rating and issued a GBX 1,700 target price on shares of St. James’s Place in a research report on Wednesday. Finally, UBS Group restated a “neutral” rating and issued a GBX 1,475 target price on shares of St. James’s Place in a research report on Friday, January 16th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,675.43.

St. James’s Place Stock Performance

St. James’s Place stock traded up GBX 28.50 during midday trading on Thursday, hitting GBX 1,206. The company’s stock had a trading volume of 2,469,401 shares, compared to its average volume of 18,073,260. St. James’s Place has a 1-year low of GBX 943.40 and a 1-year high of GBX 1,575.50. The company has a debt-to-equity ratio of 36.73, a current ratio of 3.80 and a quick ratio of 3.85. The company has a 50-day moving average price of GBX 1,266.32 and a two-hundred day moving average price of GBX 1,340.04. The company has a market cap of £6.19 billion, a price-to-earnings ratio of 12.21, a PEG ratio of 1.10 and a beta of 1.04.

St. James’s Place (LON:STJ) last released its earnings results on Wednesday, February 25th. The company reported GBX 99.90 earnings per share (EPS) for the quarter. St. James’s Place had a return on equity of 37.33% and a net margin of 1.76%. As a group, sell-side analysts predict that St. James’s Place will post 67.9947461 earnings per share for the current year.

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.