St. James’s Place (LON:STJ) Price Target Cut to GBX 1,820 by Analysts at Citigroup

St. James’s Place (LON:STJ) had its price target cut by equities research analysts at Citigroup from GBX 1,830 to GBX 1,820 in a report issued on Wednesday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective indicates a potential upside of 54.17% from the company’s previous close.

A number of other equities research analysts have also commented on STJ. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,700 price target on shares of St. James’s Place in a report on Wednesday, July 29th. JPMorgan Chase & Co. cut their price target on shares of St. James’s Place from GBX 1,686 to GBX 1,663 and set an “overweight” rating on the stock in a report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 2,050 price target on shares of St. James’s Place in a report on Thursday, July 30th. 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 research note on Thursday, April 30th. Finally, Berenberg Bank increased their target price on shares of St. James’s Place from GBX 1,800 to GBX 1,945 and gave the stock a “buy” rating in a report on Friday, August 7th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, St. James’s Place currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,721.86.

St. James’s Place Price Performance

Shares of St. James’s Place stock opened at GBX 1,180.50 on Wednesday. The company has a debt-to-equity ratio of 33.04, a current ratio of 0.39 and a quick ratio of 3.85. The business’s 50 day simple moving average is GBX 1,156.94 and its two-hundred day simple moving average is GBX 1,239.24. The stock has a market capitalization of £5.97 billion, a P/E ratio of 11.07, a price-to-earnings-growth ratio of 1.10 and a beta of 1.00. St. James’s Place has a one year low of GBX 1,038.75 and a one year high of GBX 1,575.50.

St. James’s Place (LON:STJ) last announced its quarterly earnings data on Wednesday, July 29th. The company reported GBX 43.30 earnings per share for the quarter. St. James’s Place had a return on equity of 37.02% and a net margin of 1.25%. Analysts forecast that St. James’s Place will post 67.9947461 EPS for the current year.

Insider Activity

In other St. James’s Place news, insider Evelyn Bourke bought 2,374 shares of the firm’s stock in a transaction that occurred on Friday, July 31st. The stock was bought at an average price of GBX 1,053 per share, for a total transaction of £24,998.22. Company insiders own 1.21% of the company’s stock.

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.