St. James’s Place (LON:STJ) Price Target Increased to GBX 700 by Analysts at Royal Bank of Canada

St. James’s Place (LON:STJ) had its price objective upped by stock analysts at Royal Bank of Canada from GBX 550 ($7.07) to GBX 700 ($9.00) in a note issued to investors on Wednesday, Digital Look reports. The firm presently has a “sector perform” rating on the stock. Royal Bank of Canada’s target price indicates a potential upside of 2.56% from the stock’s previous close.

Several other research firms have also commented on STJ. JPMorgan Chase & Co. upgraded St. James’s Place to an “overweight” rating in a research note on Monday, June 3rd. Barclays reiterated an “overweight” rating and issued a GBX 700 ($9.00) target price on shares of St. James’s Place in a research note on Wednesday, May 1st. Finally, Berenberg Bank reiterated a “buy” rating and issued a GBX 750 ($9.65) target price on shares of St. James’s Place in a research note on Friday, June 28th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 696.75 ($8.96).

St. James’s Place Stock Performance

St. James’s Place stock opened at GBX 682.50 ($8.78) on Wednesday. The firm has a market capitalization of £3.74 billion, a P/E ratio of -34,125.00, a PEG ratio of 1.10 and a beta of 1.20. The stock has a fifty day moving average price of GBX 540.89 and a 200 day moving average price of GBX 526.77. St. James’s Place has a 52 week low of GBX 393.60 ($5.06) and a 52 week high of GBX 948.36 ($12.20). The company has a current ratio of 1.10, a quick ratio of 3.85 and a debt-to-equity ratio of 37.81.

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.