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 morning, MarketBeat.com reports. The firm currently has an overweight rating on the stock.

A number of other brokerages have also issued reports on STJ. Royal Bank of Canada increased their price objective on St. James’s Place from GBX 550 ($7.07) to GBX 700 ($9.00) and gave the stock a sector perform rating in a report on Wednesday. Barclays restated an overweight rating and issued a GBX 700 ($9.00) target price on shares of St. James’s Place in a report on Wednesday, May 1st. Finally, Berenberg Bank reiterated a buy rating and set a GBX 750 ($9.65) price objective on shares of St. James’s Place in a report on Friday, June 28th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of Moderate Buy and a consensus target price of GBX 784.25 ($10.09).

St. James’s Place Stock Down 1.5 %

Shares of St. James’s Place stock opened at GBX 694 ($8.93) on Thursday. St. James’s Place has a twelve month low of GBX 393.60 ($5.06) and a twelve month high of GBX 937.80 ($12.06). The stock has a market capitalization of £3.81 billion, a price-to-earnings ratio of -34,700.00, a PEG ratio of 1.10 and a beta of 1.20. The business’s 50 day simple moving average is GBX 549.39 and its 200-day simple moving average is GBX 529.03. The company has a current ratio of 1.10, a quick ratio of 3.85 and a debt-to-equity ratio of 37.81.

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 issued a dividend of GBX 6 ($0.08) per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a yield of 1.07%. St. James’s Place’s dividend payout ratio (DPR) is currently -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.