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

St. James’s Place plc (LON:STJ) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 893.25 ($11.32) and last traded at GBX 893 ($11.32), with a volume of 345049 shares trading hands. The stock had previously closed at GBX 875.50 ($11.10).

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Royal Bank of Canada upped their price objective on shares of St. James’s Place from GBX 550 ($6.97) to GBX 700 ($8.87) and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. reissued an “overweight” rating on shares of St. James’s Place in a research report on Tuesday, September 3rd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 784.25 ($9.94).

St. James’s Place Stock Up 2.0 %

The stock’s fifty day simple moving average is GBX 788.45 and its 200-day simple moving average is GBX 648.67. The stock has a market capitalization of £4.82 billion, a PE ratio of -86,650.00, a P/E/G ratio of 1.10 and a beta of 1.23. The company has a current ratio of 2.91, a quick ratio of 3.85 and a debt-to-equity ratio of 55.10.

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.