St. James’s Place (LON:STJ) had its target price raised by JPMorgan Chase & Co. from GBX 1,260 ($16.57) to GBX 1,325 ($17.43) in a research report sent to investors on Friday morning, Stock Target Advisor reports. JPMorgan Chase & Co. currently has an overweight rating on the stock.

A number of other brokerages have also recently issued reports on STJ. UBS Group restated a neutral rating on shares of St. James’s Place in a report on Friday, February 21st. Peel Hunt restated a buy rating on shares of St. James’s Place in a report on Thursday. Bank of America cut their price objective on St. James’s Place from GBX 1,250 ($16.44) to GBX 1,240 ($16.31) and set a buy rating on the stock in a report on Thursday, December 12th. Credit Suisse Group cut St. James’s Place to an underperform rating and cut their price objective for the company from GBX 940 ($12.37) to GBX 900 ($11.84) in a report on Monday, January 13th. Finally, Royal Bank of Canada reiterated a sector performer rating on shares of St. James’s Place in a report on Wednesday, December 11th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and seven have assigned a buy rating to the company’s stock. The stock has a consensus rating of Hold and a consensus price target of GBX 1,168.80 ($15.37).

STJ traded down GBX 29.50 ($0.39) during midday trading on Friday, reaching GBX 1,015.50 ($13.36). 3,195,448 shares of the company were exchanged, compared to its average volume of 1,790,000. The company has a debt-to-equity ratio of 74.22, a quick ratio of 2.28 and a current ratio of 3.37. St. James’s Place has a one year low of GBX 897.80 ($11.81) and a one year high of GBX 1,777.50 ($23.38). The stock has a market capitalization of $5.43 billion and a P/E ratio of 36.40. The stock’s 50-day simple moving average is GBX 1,140.98 and its 200 day simple moving average is GBX 1,058.47.

The firm also recently disclosed a dividend, which will be paid on Friday, May 22nd. Stockholders of record on Thursday, April 16th will be issued a dividend of GBX 31.22 ($0.41) per share. This represents a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, April 16th. This is a boost from St. James’s Place’s previous dividend of $18.49. St. James’s Place’s payout ratio is 1.72%.

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.

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Analyst Recommendations for St. James`s Place (LON:STJ)

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