St. James’s Place (LON:STJ) Given New GBX 987 Price Target at JPMorgan Chase & Co.

St. James’s Place (LON:STJ) had its price objective lifted by JPMorgan Chase & Co. from GBX 744 ($9.57) to GBX 987 ($12.70) in a report issued on Thursday, MarketBeat Ratings reports. The firm currently has an overweight rating on the stock.

Several other equities research analysts also recently commented on STJ. Berenberg Bank restated a buy rating and issued a GBX 750 ($9.65) price target on shares of St. James’s Place in a research report on Friday, June 28th. Royal Bank of Canada upped their price target on shares of St. James’s Place from GBX 550 ($7.07) to GBX 700 ($9.00) and gave the company a sector perform rating in a research report on Wednesday, July 31st. Finally, Barclays reiterated an overweight rating and issued a GBX 700 ($9.00) target price on shares of St. James’s Place in a research report on Wednesday, May 1st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, St. James’s Place presently has a consensus rating of Moderate Buy and an average price target of GBX 784.25 ($10.09).

St. James’s Place Stock Down 2.5 %

Shares of LON:STJ opened at GBX 686.93 ($8.84) on Thursday. 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 company has a market cap of £3.77 billion, a PE ratio of -34,400.00, a price-to-earnings-growth ratio of 1.10 and a beta of 1.20. St. James’s Place has a 52 week low of GBX 393.60 ($5.06) and a 52 week high of GBX 937.80 ($12.06). The firm has a 50 day simple moving average of GBX 553.34 and a 200 day simple moving average of GBX 528.10.

St. James’s Place Cuts Dividend

The business 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. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a yield of 1.07%. St. James’s Place’s payout ratio is -120,000.00%.

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.