St. James’s Place (LON:STJ) Sets New 52-Week High – Still a Buy?

Shares of St. James’s Place plc (LON:STJ) hit 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.

Analysts Set New Price Targets

Several brokerages have commented on STJ. Jefferies Financial Group boosted their target price on St. James’s Place from GBX 1,160 to GBX 1,600 and gave the stock a “buy” rating in a research note on Monday, October 20th. JPMorgan Chase & Co. increased 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 research report on Tuesday, October 28th. Deutsche Bank Aktiengesellschaft upped their price target on shares of St. James’s Place from GBX 1,800 to GBX 1,900 and gave the company a “buy” rating in a research report on Thursday, October 2nd. Finally, Citigroup lifted their target price 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. Five investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,572.50.

St. James’s Place Stock Performance

The company has a market capitalization of £7.26 billion, a price-to-earnings ratio of 14.80, a P/E/G ratio of 1.10 and a beta of 1.23. The company has a 50 day moving average price of GBX 1,337.68 and a 200 day moving average price of GBX 1,266.40. The company has a debt-to-equity ratio of 55.10, a quick ratio of 3.85 and a current ratio of 0.60.

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.