Barclays reaffirmed their overweight rating on shares of St. James’s Place (LON:STJ – Free Report) in a research note released on Tuesday morning, Marketbeat.com reports. Barclays currently has a GBX 700 ($8.65) price objective on the stock.
A number of other equities research analysts have also weighed in 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. cut their target price 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. 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 research note on Friday, March 22nd. Finally, 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 research note on Monday, March 11th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of Moderate Buy and an average price target of GBX 646.75 ($7.99).
Get Our Latest Analysis on St. James’s Place
St. James’s Place Price Performance
St. James’s Place Cuts Dividend
The firm also recently declared a dividend, which will be paid on Friday, May 24th. Investors 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 yield of 1.29%. St. James’s Place’s dividend payout ratio (DPR) is currently -120,000.00%.
Insider Activity at St. James’s Place
In other St. James’s Place news, insider Mark FitzPatrick purchased 436 shares of the 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, with a total value of £1,970.72 ($2,434.19). 0.81% of the stock is currently owned by corporate 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.
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