St. James’s Place (LON:STJ) Stock Price Passes Above 200-Day Moving Average of $1,141.63

St. James’s Place plc (LON:STJ – Get Rating) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,141.63 ($13.91) and traded as high as GBX 1,196.50 ($14.58). St. James’s Place shares last traded at GBX 1,164.50 ($14.19), with a volume of 1,830,848 shares traded.

Analyst Ratings Changes

STJ has been the subject of several recent analyst reports. Jefferies Financial Group upped their target price on shares of St. James’s Place from GBX 1,340 ($16.33) to GBX 1,460 ($17.79) and gave the stock a “buy” rating in a research report on Wednesday, March 1st. Barclays restated an “equal weight” rating and issued a GBX 1,430 ($17.43) target price on shares of St. James’s Place in a research report on Wednesday, March 1st. Peel Hunt reiterated a “buy” rating and issued a GBX 1,500 ($18.28) price objective on shares of St. James’s Place in a report on Tuesday, February 28th. HSBC reiterated a “hold” rating and issued a GBX 1,300 ($15.84) price objective on shares of St. James’s Place in a report on Friday, February 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of St. James’s Place from GBX 1,153 ($14.05) to GBX 1,200 ($14.63) and gave the company a “neutral” rating in a report on Tuesday, March 7th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of GBX 1,433.13 ($17.47).

St. James’s Place Stock Down 2.8 %

The stock has a market capitalization of £6.34 billion, a P/E ratio of 1,617.36, a PEG ratio of 1.10 and a beta of 1.27. The company has a debt-to-equity ratio of 22.25, a current ratio of 1.27 and a quick ratio of 3.85. The stock’s fifty day moving average is GBX 1,232.85 and its two-hundred day moving average is GBX 1,141.63.

St. James’s Place Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 31st. Investors of record on Thursday, May 4th will be issued a dividend of GBX 37.19 ($0.45) per share. This represents a yield of 3.01%. This is a boost from St. James’s Place’s previous dividend of $15.59. The ex-dividend date of this dividend is Thursday, May 4th. St. James’s Place’s dividend payout ratio (DPR) is presently 7,361.11%.

St. James’s Place Company Profile

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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.