Does this Upgrade present an opportunity for you?

Is it irrelevant, or will the Upgrade make the St James’s Place share price more attractive?

• The chart shows the St James’s Place share price since Oct 2016.
• Citigroup has upgraded St James’s Place to Buy and increases uts target to 1200p (from 915p).
• Consensus summary: 17 Buys, 3 Holds, 0 Sell; Average target: 1371p (Source: Bloomberg).
• Current share price 954.4p (at time of writing).
• Shares -23.1% from 2018 highs; +2.7% from 2018 lows; -22.2% year-to date
• Will the shares turn back, or will the upgrade push the shares back towards 1200p July highs?
• 23 Oct: Growth still strong despite 3Q inflows miss says Panmure
• Source: Bloomberg, FT, Reuters, DJ Newswires

Click to enlarge

Trading St James’s Place – An Example

Let’s say you think that  St James’s Place shares have upside potential as result of this broker upgrade. You decide to buy exposure to £10,000 worth of  St James’s Place using a CFD, at the current price of 954.4p. To do this, you need £2,000.

For the purpose of this example, let’s assume the St James’s Place share price rises to 1200p (+25.7%). Your profit would be £2570 from your initial investment of £2,000.

Conversely, let’s assume you open the above position, and place a stop-loss at 6% from the current price. St James’s Place shares continue their downtrend, they fall 6% and hit your stop-loss. Your loss would be £600.

This is provided for information purposes only. It should not be taken as a recommendation.