St. James’s Place (LON:STJ) Given New GBX 1,500 Price Target at Berenberg Bank

St. James’s Place (LON:STJ – Get Rating) had its price objective reduced by Berenberg Bank from GBX 1,550 ($18.99) to GBX 1,500 ($18.38) in a research note issued to investors on Tuesday morning, MarketBeat reports. They currently have a buy rating on the stock.

STJ has been the topic of several other reports. Barclays decreased their target price on shares of St. James’s Place from GBX 1,757 ($21.53) to GBX 1,616 ($19.80) and set an equal weight rating on the stock in a research report on Tuesday, July 19th. Deutsche Bank Aktiengesellschaft decreased their target price on shares of St. James’s Place from GBX 1,600 ($19.61) to GBX 1,420 ($17.40) and set a buy rating on the stock in a research report on Monday, July 11th. Morgan Stanley reaffirmed an overweight rating on shares of St. James’s Place in a research note on Wednesday, May 11th. Finally, JPMorgan Chase & Co. cut their price target on St. James’s Place from GBX 1,600 ($19.61) to GBX 1,370 ($16.79) and set a neutral rating for the company in a research note on Monday, July 18th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Moderate Buy and a consensus price target of GBX 1,582.67 ($19.39).

St. James’s Place Stock Performance

Shares of St. James’s Place stock opened at GBX 1,195 ($14.64) on Tuesday. The firm’s fifty day simple moving average is GBX 1,168.42 and its 200-day simple moving average is GBX 1,320.39. St. James’s Place has a 12 month low of GBX 1,054 ($12.92) and a 12 month high of GBX 1,742.50 ($21.35). The company has a debt-to-equity ratio of 63.87, a current ratio of 4.65 and a quick ratio of 3.85. The stock has a market capitalization of £6.50 billion and a price-to-earnings ratio of 1,764.71.

St. James’s Place Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, September 23rd. Stockholders of record on Thursday, August 25th will be paid a dividend of GBX 15.59 ($0.19) per share. This represents a dividend yield of 1.36%. The ex-dividend date is Thursday, August 25th. St. James’s Place’s dividend payout ratio is currently 90.09%.

About St. James’s Place

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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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