Barclays reissued their overweight rating on shares of St. James’s Place (LON:STJ – Free Report) in a research report released on Tuesday morning, MarketBeat.com reports. They currently have a GBX 700 ($8.65) price objective on the stock.
Several other analysts have also recently weighed in on STJ. Royal Bank of Canada cut St. James’s Place to a sector perform rating and set a GBX 500 ($6.18) price objective on the stock. in a research report on Friday, March 22nd. Citigroup raised St. James’s Place to a buy rating in a research report on Thursday, February 29th. JPMorgan Chase & Co. dropped 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 research report on Friday, March 1st. Finally, Berenberg Bank dropped their price target on St. James’s Place from GBX 850 ($10.50) to GBX 750 ($9.26) and set a buy rating on the stock in a research report on Monday, March 11th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, St. James’s Place currently has an average rating of Moderate Buy and an average target price of GBX 646.75 ($7.99).
Read Our Latest Stock Analysis on STJ
St. James’s Place Stock Performance
St. James’s Place Cuts Dividend
The business also recently declared a dividend, which will be paid on Friday, May 24th. Stockholders of record on Thursday, April 25th will be given a GBX 8 ($0.10) dividend. The ex-dividend date is Thursday, April 25th. This represents a dividend yield of 1.29%. St. James’s Place’s dividend payout ratio is currently -120,000.00%.
Insider Buying and Selling
In other news, insider Mark FitzPatrick acquired 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, for a total transaction of £1,970.72 ($2,434.19). 0.81% of the stock is 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.
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