St. James’s Place (LON:STJ) Share Price Crosses Above Two Hundred Day Moving Average – What’s Next?

Shares of St. James’s Place plc (LON:STJ) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 trading hands.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on STJ. Royal Bank of Canada boosted their price target 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 report on Wednesday, July 31st. JPMorgan Chase & Co. reissued an “overweight” rating on shares of St. James’s Place in a report on Tuesday, September 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 784.25 ($9.88).

St. James’s Place Stock Performance

The firm has a market cap of £4.37 billion, a price-to-earnings ratio of -80,700.00, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23. The stock’s 50 day moving average is GBX 774.43 and its 200 day moving average is GBX 630.75. The company has a current ratio of 2.91, a quick ratio of 3.85 and a debt-to-equity ratio of 55.10.

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.