St. James’s Place (LON:STJ) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

St. James’s Place plc (LON:STJ)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 628.04 ($7.91) and traded as high as GBX 815.50 ($10.28). St. James’s Place shares last traded at GBX 810 ($10.21), with a volume of 832,525 shares.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on STJ. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of St. James’s Place in a research note on Tuesday, September 3rd. Royal Bank of Canada raised their price objective on shares of St. James’s Place from GBX 550 ($6.93) to GBX 700 ($8.82) and gave the company a “sector perform” rating in a research note on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of GBX 784.25 ($9.88).

St. James’s Place Price Performance

The firm’s 50 day moving average price is GBX 774.43 and its two-hundred day moving average price is GBX 630.75. The stock has a market cap of £4.37 billion, a PE ratio of -80,700.00, a P/E/G ratio of 1.10 and a beta of 1.23. The company has a debt-to-equity ratio of 55.10, a current ratio of 2.91 and a quick ratio of 3.85.

About St. James’s Place

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.