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

Barclays restated their overweight rating on shares of St. James’s Place (LON:STJ) in a report issued on Wednesday, MarketBeat reports. They currently have a GBX 700 ($8.79) target price on the stock.

Several other equities research analysts also recently issued reports on the stock. JPMorgan Chase & Co. dropped 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 research note on Friday, March 1st. Citigroup raised St. James’s Place to a buy rating in a report on Thursday, February 29th. Berenberg Bank dropped their price objective on 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. Finally, Royal Bank of Canada lowered St. James’s Place to a sector perform rating and set a GBX 500 ($6.28) target price on the stock. in a research report on Friday, March 22nd. Two 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 stock currently has an average rating of Moderate Buy and an average price target of GBX 646.75 ($8.12).

St. James’s Place Stock Up 3.0 %

Shares of LON:STJ opened at GBX 447.60 ($5.62) on Wednesday. The company has a 50 day moving average of GBX 454.19 and a two-hundred day moving average of GBX 585.32. St. James’s Place has a 52-week low of GBX 393.60 ($4.94) and a 52-week high of GBX 1,185.50 ($14.89). The company has a quick ratio of 3.85, a current ratio of 1.10 and a debt-to-equity ratio of 37.81. The company has a market capitalization of £2.46 billion, a price-to-earnings ratio of -22,380.00, a price-to-earnings-growth 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. Investors of record on Thursday, April 25th will be paid a GBX 8 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, April 25th. This represents a yield of 1.29%. St. James’s Place’s dividend payout ratio (DPR) is -120,000.00%.

Insider Buying and Selling at St. James’s Place

In other news, insider Mark FitzPatrick purchased 436 shares of the company’s stock in a transaction that occurred on Monday, March 25th. The shares were acquired at an average cost of GBX 452 ($5.68) per share, with a total value of £1,970.72 ($2,475.47). 0.75% of the stock is currently owned by insiders.

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.