Barclays Reiterates Overweight Rating for St. James’s Place (LON:STJ)

Barclays reiterated their overweight rating on shares of St. James’s Place (LON:STJ) in a report published on Tuesday, Marketbeat Ratings reports. The brokerage currently has a GBX 700 ($8.65) target price on the stock.

Several other analysts have also weighed in on the stock. Royal Bank of Canada lowered shares of St. James’s Place to a sector perform rating and set a GBX 500 ($6.18) target price for the company. in a research note on Friday, March 22nd. Citigroup upgraded shares of St. James’s Place to a buy rating in a research note on Thursday, February 29th. Berenberg Bank lowered their target price on shares of 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. Finally, JPMorgan Chase & Co. lowered their price target on shares of St. James’s Place from GBX 793 ($9.79) to GBX 637 ($7.87) and set a neutral rating for the company in a research report on Friday, March 1st. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of GBX 646.75 ($7.99).

St. James’s Place Stock Up 3.4 %

STJ stock opened at GBX 435.40 ($5.38) on Tuesday. The company has a debt-to-equity ratio of 37.81, a current ratio of 1.10 and a quick ratio of 3.85. St. James’s Place has a 1-year low of GBX 393.60 ($4.86) and a 1-year high of GBX 1,210.46 ($14.95). The firm has a fifty day moving average price of GBX 480.20 and a two-hundred day moving average price of GBX 599.34. The firm has a market cap of £2.39 billion, a price-to-earnings ratio of -21,770.00, a PEG ratio of 1.10 and a beta of 1.20.

St. James’s Place Cuts Dividend

The company also recently declared 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. The ex-dividend date of this dividend 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 Transactions at St. James’s Place

In other news, insider Mark FitzPatrick purchased 436 shares of the stock in a transaction dated Monday, March 25th. The stock was acquired at an average price of GBX 452 ($5.58) per share, for a total transaction of £1,970.72 ($2,434.19). Insiders own 0.81% of the company’s stock.

About St. James’s Place

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.