St. James’s Place (LON:STJ) Stock Passes Above Two Hundred Day Moving Average – Time to Sell?

St. James’s Place plc (LON:STJ) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 628.04 ($8.08) and traded as high as GBX 815.50 ($10.49). St. James’s Place shares last traded at GBX 810 ($10.42), with a volume of 832,525 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on STJ. Royal Bank of Canada upped their target price on St. James’s Place from GBX 550 ($7.08) to GBX 700 ($9.01) and gave the company a “sector perform” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. restated an “overweight” rating on shares of St. James’s Place in a research note on Tuesday, September 3rd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, St. James’s Place presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 784.25 ($10.09).

St. James’s Place Stock Performance

The company has a debt-to-equity ratio of 55.10, a current ratio of 2.91 and a quick ratio of 3.85. The company has a fifty day moving average of GBX 772.70 and a two-hundred day moving average of GBX 628.04. The stock has a market capitalization of £4.35 billion, a P/E ratio of -81,000.00, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23.

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.