St. James’ Place’s (STJ) Overweight Rating Reaffirmed at Barclays

Barclays restated their overweight rating on shares of St. James’s Place (LON:STJ) in a research report released on Wednesday, Marketbeat.com reports. Barclays currently has a GBX 700 ($8.79) price target on the stock.

Several other equities analysts also recently weighed in on the stock. Berenberg Bank lowered their price target on shares of St. James’s Place from GBX 850 ($10.68) to GBX 750 ($9.42) and set a buy rating on the stock in a report on Monday, March 11th. Royal Bank of Canada downgraded shares of St. James’s Place to a sector perform rating and set a GBX 500 ($6.28) price target on the stock. in a report on Friday, March 22nd. Citigroup raised shares of St. James’s Place to a buy rating in a report on Thursday, February 29th. Finally, JPMorgan Chase & Co. lowered their price target on shares of St. James’s Place from GBX 793 ($9.96) to GBX 637 ($8.00) and set a neutral rating on the stock in a report on Friday, March 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of Moderate Buy and an average price target of GBX 646.75 ($8.12).

St. James’s Place Stock Performance

STJ opened at GBX 436.20 ($5.48) on Wednesday. The company has a current ratio of 1.10, a quick ratio of 3.85 and a debt-to-equity ratio of 37.81. The company has a market cap of £2.39 billion, a price-to-earnings ratio of -21,680.00, a PEG ratio of 1.10 and a beta of 1.20. The company’s 50 day moving average is GBX 462.66 and its 200 day moving average is GBX 588.52. St. James’s Place has a 12-month low of GBX 393.60 ($4.94) and a 12-month high of GBX 1,198.50 ($15.05).

St. James’s Place Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 24th. Stockholders 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 of this dividend is Thursday, April 25th. St. James’s Place’s payout ratio is currently -120,000.00%.

Insider Activity

In related news, insider Mark FitzPatrick acquired 436 shares of St. James’s Place stock in a transaction dated Monday, March 25th. The shares were purchased at an average price of GBX 452 ($5.68) per share, for a total transaction of £1,970.72 ($2,475.47). Company insiders own 0.81% of the company’s stock.

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.