St. James’ Place’s (STJ) Overweight Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their overweight rating on shares of St. James’s Place (LON:STJ) in a research note issued to investors on Tuesday, MarketBeat.com reports.

Several other research firms have also recently commented on STJ. Berenberg Bank restated a buy rating and set a GBX 750 ($9.86) price target on shares of St. James’s Place in a report on Friday, June 28th. Royal Bank of Canada lifted their price objective on St. James’s Place from GBX 550 ($7.23) to GBX 700 ($9.20) and gave the company a sector perform rating in a research report on Wednesday, July 31st. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, St. James’s Place presently has an average rating of Moderate Buy and an average target price of GBX 784.25 ($10.31).

St. James’s Place Stock Performance

STJ stock opened at GBX 702.82 ($9.24) on Tuesday. The stock has a market cap of £3.83 billion, a P/E ratio of -70,282.30, a P/E/G ratio of 1.10 and a beta of 1.24. The company has a debt-to-equity ratio of 55.10, a quick ratio of 3.85 and a current ratio of 2.91. The firm has a 50 day simple moving average of GBX 639.69 and a 200 day simple moving average of GBX 539.66. St. James’s Place has a 52 week low of GBX 393.60 ($5.18) and a 52 week high of GBX 875.80 ($11.52).

St. James’s Place Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, September 20th. Shareholders of record on Thursday, August 22nd will be given a GBX 6 ($0.08) dividend. This represents a yield of 1.07%. The ex-dividend date of this dividend is Thursday, August 22nd. St. James’s Place’s dividend payout ratio is -140,000.00%.

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.