St. James’s Place Shares (STJ) Post New High as JPMorgan Raises Price Target

St. James's Place (LON:STJ), a leading UK wealth management firm, is riding a wave of positive sentiment, boosted by a reaffirmed “Overweight” rating and an increased price target from JPMorgan.

The investment bank has raised its target to 1,410p from a previous 1,310p, implying a substantial 18.5% upside potential from the current trading price of 1,186p.

This vote of confidence comes after a period of robust performance and strategic initiatives that have propelled St James's Place to the forefront of the FTSE 100.

The stock reached a new 52-week high of 1,207p, further solidifying its strong upward trajectory. Since the start of the year, STJ has delivered impressive returns of over 38.99%, significantly outperforming the FTSE 100's gain of 7.19% over the same period.

JPMorgan's bullish outlook is rooted in the company's improving fundamentals and its ability to capture a growing share of the lucrative UK wealth management market.

This positive assessment echoes a previous endorsement in May 2025, when JPMorgan initially raised its price target from 1,205p to 1,310p, citing a strong first-quarter performance that included a 6% increase in funds under management (FUM) and projected underlying cash earnings per share growth of 8-12% for 2025-2027.

Back then, JPMorgan highlighted STJ as a top conviction pick, and this latest price target increase reinforces that conviction.