St. James's Place (LON:STJ) Share Price Passes Above Two Hundred Day Moving Average - Here's Why

St. James's Place plc (LON:STJ - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-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 changing hands.

Wall Street Analysts Forecast Growth

STJ has been the subject of a number of recent analyst reports. Royal Bank of Canada raised their price objective on shares of 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. reiterated an "overweight" rating on shares of St. James's Place in a research 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. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of GBX 784.25 ($10.09).

St. James's Place Stock Down 0.4 %

The company has a current ratio of 2.91, a quick ratio of 3.85 and a debt-to-equity ratio of 55.10. The firm has a 50 day moving average price of GBX 772.70 and a 200-day moving average price of GBX 628.04. The firm has a market cap of £4.36 billion, a price-to-earnings ratio of -80,650.00, a P/E/G ratio of 1.10 and a beta of 1.23.

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.