St. James’s Place (LON:STJ) Receives “Overweight” Rating from Barclays

Barclays restated their overweight rating on shares of St. James’s Place (LON:STJ) in a report issued on Tuesday morning, MarketBeat.com reports. The firm currently has a GBX 700 ($8.65) price objective on the stock.

Several other research analysts have also issued reports on the company. JPMorgan Chase & Co. cut their price target on St. James’s Place from GBX 793 ($9.79) to GBX 637 ($7.87) and set a neutral rating on the stock in a report on Friday, March 1st. Berenberg Bank lowered their price objective on St. James’s Place from GBX 850 ($10.50) to GBX 750 ($9.26) and set a buy rating for the company in a research note on Monday, March 11th. Citigroup raised St. James’s Place to a buy rating in a research note on Thursday, February 29th. Finally, Royal Bank of Canada downgraded St. James’s Place to a sector perform rating and set a GBX 500 ($6.18) price objective for the company. in a research note on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, St. James’s Place currently has an average rating of Moderate Buy and a consensus target price of GBX 646.75 ($7.99).

St. James’s Place Stock Up 0.2 %

Shares of LON:STJ opened at GBX 445.20 ($5.50) on Tuesday. The business’s 50 day simple moving average is GBX 491.59 and its two-hundred day simple moving average is GBX 604.25. The firm has a market cap of £2.44 billion, a P/E ratio of -22,210.00, a PEG ratio of 1.10 and a beta of 1.20. The company has a debt-to-equity ratio of 37.81, a quick ratio of 3.85 and a current ratio of 1.10. St. James’s Place has a 52-week low of GBX 393.60 ($4.86) and a 52-week high of GBX 1,245 ($15.38).

St. James’s Place Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 24th. Investors of record on Thursday, April 25th will be given a dividend of GBX 8 ($0.10) per share. This represents a dividend yield of 1.29%. The ex-dividend date is Thursday, April 25th. St. James’s Place’s payout ratio is -120,000.00%.

Insider Activity at St. James’s Place

In other St. James’s Place news, insider Mark FitzPatrick purchased 436 shares of the firm’s stock in a transaction that occurred on Monday, March 25th. The stock was bought at an average cost of GBX 452 ($5.58) per share, with a total value of £1,970.72 ($2,434.19). 0.81% of the stock is currently owned by company insiders.

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.