St. James’s Place (LON:STJ) Share Price Passes Above 200 Day Moving Average of $531.11

St. James’s Place plc (LON:STJ)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 531.11 ($6.79) and traded as high as GBX 694.50 ($8.88). St. James’s Place shares last traded at GBX 693 ($8.86), with a volume of 914,991 shares changing hands.

Analyst Upgrades and Downgrades

STJ has been the topic of a number of analyst reports. Royal Bank of Canada lifted their target price on shares of St. James’s Place from GBX 550 ($7.03) to GBX 700 ($8.95) and gave the stock a “sector perform” rating in a research report on Wednesday, July 31st. Berenberg Bank reiterated a “buy” rating and issued a GBX 750 ($9.58) target price on shares of St. James’s Place in a research report on Friday, June 28th. JPMorgan Chase & Co. lifted their target price on shares of St. James’s Place from GBX 744 ($9.51) to GBX 987 ($12.61) and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Barclays reiterated an “overweight” rating and issued a GBX 700 ($8.95) target price on shares of St. James’s Place in a research report on Wednesday, May 1st. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, St. James’s Place currently has an average rating of “Moderate Buy” and an average target price of GBX 784.25 ($10.02).

St. James’s Place Price Performance

The business’s 50-day simple moving average is GBX 572.99 and its 200-day simple moving average is GBX 530.57. The stock has a market cap of £3.84 billion, a PE ratio of -34,975.00, a PEG ratio of 1.10 and a beta of 1.20. The company has a quick ratio of 3.85, a current ratio of 1.10 and a debt-to-equity ratio of 37.81.

St. James’s Place Cuts Dividend

The company also recently disclosed 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 dividend yield of 1.07%. The ex-dividend date is Thursday, August 22nd. St. James’s Place’s payout ratio is -120,000.00%.

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.