St. James’ Place’s (STJ) Overweight Rating Reiterated at Barclays

St. James’s Place (LON:STJ)‘s stock had its “overweight” rating reiterated by research analysts at Barclays in a research report issued on Tuesday, Digital Look reports. They currently have a GBX 700 ($8.65) price objective on the stock. Barclays‘s price target indicates a potential upside of 57.59% from the company’s previous close.

A number of other equities analysts have also recently commented on the stock. Citigroup raised shares of St. James’s Place to a “buy” rating in a report on Thursday, February 29th. Royal Bank of Canada cut shares of St. James’s Place to a “sector perform” rating and set a GBX 500 ($6.18) price objective on the stock. in a research note on Friday, March 22nd. Berenberg Bank lowered their price target on shares of St. James’s Place from GBX 850 ($10.50) to GBX 750 ($9.26) and set a “buy” rating on the stock in a research note on Monday, March 11th. Finally, JPMorgan Chase & Co. lowered their price target on shares of St. James’s Place from GBX 793 ($9.79) to GBX 637 ($7.87) and set a “neutral” rating on the stock in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 646.75 ($7.99).

St. James’s Place Stock Up 3.0 %

Shares of LON:STJ traded up GBX 12.80 ($0.16) during trading on Tuesday, hitting GBX 444.20 ($5.49). 3,624,704 shares of the company were exchanged, compared to its average volume of 2,387,626. The stock has a market capitalization of £2.44 billion, a P/E ratio of -22,210.00, a PEG ratio of 1.10 and a beta of 1.20. The company has a debt-to-equity ratio of 37.81, a current ratio of 1.10 and a quick ratio of 3.85. St. James’s Place has a 12-month low of GBX 393.60 ($4.86) and a 12-month high of GBX 1,245 ($15.38). The firm’s 50 day moving average price is GBX 491.59 and its 200-day moving average price is GBX 604.25.

Insider Transactions at St. James’s Place

In related news, insider Mark FitzPatrick acquired 436 shares of the business’s stock in a transaction dated Monday, March 25th. The shares were acquired at an average cost of GBX 452 ($5.58) per share, for a total transaction of £1,970.72 ($2,434.19). Insiders own 0.81% of the company’s stock.

St. James’s Place Company Profile

St. James's Place plc is a publicly owned investment manager. The firm launches and manages equity, fixed income, and balanced mutual funds for its clients. It invests in public equity and fixed income market across the globe. The firm was formerly known as St. James's Place Capital plc. St.