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

Barclays reissued their overweight rating on shares of St. James’s Place (LON:STJ) in a report released on Tuesday morning, MarketBeat Ratings reports. Barclays currently has a GBX 700 ($8.65) target price on the stock.

A number of other equities analysts have also recently issued reports on the stock. Citigroup raised shares of St. James’s Place to a buy rating in a research note on Thursday, February 29th. JPMorgan Chase & Co. reduced their price objective on shares of 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 note on Friday, March 1st. Berenberg Bank cut 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 on the stock in a report on Monday, March 11th. Finally, 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 on the stock. in a report on Friday, March 22nd. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of Moderate Buy and an average price target of GBX 646.75 ($7.99).

St. James’s Place Price Performance

Shares of STJ stock opened at GBX 421 ($5.20) on Tuesday. St. James’s Place has a 52-week low of GBX 393.60 ($4.86) and a 52-week high of GBX 1,245 ($15.38). The stock has a market cap of £2.31 billion, a PE ratio of -21,050.00, a PEG ratio of 1.10 and a beta of 1.20. The company has a debt-to-equity ratio of 37.81, a quick ratio of 3.85 and a current ratio of 1.10. The firm’s 50 day moving average price is GBX 484.48 and its two-hundred day moving average price is GBX 600.59.

St. James’s Place Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, April 25th will be issued a GBX 8 ($0.10) dividend. The ex-dividend date is Thursday, April 25th. This represents a yield of 1.29%. St. James’s Place’s dividend payout ratio (DPR) is presently -120,000.00%.

Insiders Place Their Bets

In related news, insider Mark FitzPatrick acquired 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 ($5.58) per share, for a total transaction of £1,970.72 ($2,434.19). Company 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.