St. James’s Place plc (LON:STJ) Given Average Rating of “Buy” by Analysts

St. James’s Place plc (LON:STJGet Rating) has received a consensus recommendation of “Buy” from the ten brokerages that are currently covering the stock, MarketBeat reports. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is GBX 1,655.78 ($21.58).

Several research firms have recently commented on STJ. Morgan Stanley reissued an “overweight” rating and set a GBX 1,900 ($24.76) price target on shares of St. James’s Place in a research note on Tuesday, April 5th. Citigroup reissued a “neutral” rating and set a GBX 1,680 ($21.89) price target on shares of St. James’s Place in a research note on Wednesday, January 26th. Barclays increased their price target on shares of St. James’s Place from GBX 1,765 ($23.00) to GBX 1,767 ($23.03) and gave the company an “equal weight” rating in a research note on Monday, April 4th. JPMorgan Chase & Co. reduced their price objective on shares of St. James’s Place from GBX 1,700 ($22.15) to GBX 1,600 ($20.85) and set a “neutral” rating on the stock in a research note on Friday, February 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of St. James’s Place from GBX 1,610 ($20.98) to GBX 1,680 ($21.89) and gave the company a “buy” rating in a research note on Thursday, March 24th.

STJ opened at GBX 1,372 ($17.88) on Friday. St. James’s Place has a one year low of GBX 1,156.50 ($15.07) and a one year high of GBX 1,742.50 ($22.71). The company has a debt-to-equity ratio of 59.31, a current ratio of 1.55 and a quick ratio of 1.23. The company’s 50 day simple moving average is GBX 1,428.44 and its 200-day simple moving average is GBX 1,527.38. The stock has a market capitalization of £7.44 billion and a P/E ratio of 26.13.

The business also recently disclosed a dividend, which will be paid on Friday, May 27th. Investors of record on Thursday, April 28th will be issued a dividend of GBX 40.41 ($0.53) per share. This represents a dividend yield of 2.73%. This is a positive change from St. James’s Place’s previous dividend of $11.55. The ex-dividend date is Thursday, April 28th. St. James’s Place’s dividend payout ratio (DPR) is presently 1.17%.

In related news, insider Andrew Croft purchased 134 shares of the stock in a transaction on Friday, March 25th. The shares were purchased at an average price of GBX 1,464 ($19.08) per share, with a total value of £1,961.76 ($2,556.37). Also, insider Ian Gascoigne sold 29,722 shares of the stock in a transaction that occurred on Thursday, March 3rd. The shares were sold at an average price of GBX 1,280 ($16.68), for a total value of £380,441.60 ($495,753.97).

About St. James’s Place (Get Rating)

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.

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Analyst Recommendations for St. James's Place (LON:STJ)

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