St. James’s Place (LON:STJ) had its price target increased by Barclays from GBX 1,256 ($16.90) to GBX 1,361 ($18.32) in a research report issued to clients and investors on Monday. The brokerage currently has an “overweight” rating on the stock. Barclays’ price objective suggests a potential upside of 17.73% from the stock’s current price.
A number of other equities analysts also recently issued reports on the company. HSBC increased their price objective on St. James’s Place from GBX 1,350 ($18.17) to GBX 1,380 ($18.57) and gave the stock a “buy” rating in a report on Thursday, November 23rd. J P Morgan Chase & Co restated an “overweight” rating on shares of St. James’s Place in a report on Thursday, November 16th. Numis Securities raised their price target on St. James’s Place from GBX 1,310 ($17.63) to GBX 1,385 ($18.64) and gave the company an “add” rating in a report on Tuesday, October 24th. Finally, Goldman Sachs Group downgraded St. James’s Place from a “buy” rating to a “neutral” rating and reduced their price target for the company from GBX 1,275 ($17.16) to GBX 1,200 ($16.15) in a report on Tuesday, September 12th. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of GBX 1,259 ($16.94).
St. James’s Place (LON STJ) opened at GBX 1,156.06 ($15.56) on Monday. St. James’s Place has a twelve month low of GBX 977.50 ($13.16) and a twelve month high of GBX 1,245 ($16.76).
In related news, insider David Lamb sold 38,325 shares of the stock in a transaction on Tuesday, October 24th. The stock was sold at an average price of GBX 1,172 ($15.77), for a total transaction of £449,169 ($604,534.32).
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About St. James’s Place
St. James’s Place plc is a United Kingdom-based company, which provides wealth management advice, investment management and related services to businesses and individuals across the United Kingdom. The Company’s segments include Life business, Unit Trust business, Distribution business and Other. The Company’s Life business segment offers pensions, protection and investment products through its life assurance subsidiaries.
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