St. James’s Place plc (LON:STJ – Get Free Report) shares hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 835.60 ($10.46) and last traded at GBX 836.40 ($10.47), with a volume of 719811 shares trading hands. The stock had previously closed at GBX 864 ($10.81).
Analyst Upgrades and Downgrades
A number of analysts have issued reports on the stock. Royal Bank of Canada reiterated an “outperform” rating on shares of St. James’s Place in a report on Wednesday, July 12th. Barclays raised shares of St. James’s Place to an “overweight” rating and raised their target price for the company from GBX 1,430 ($17.90) to GBX 1,500 ($18.77) in a report on Wednesday, June 21st. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, St. James’s Place presently has an average rating of “Moderate Buy” and an average target price of GBX 1,400.56 ($17.53).
St. James’s Place Stock Down 3.2 %
St. James’s Place Cuts Dividend
The business also recently declared a dividend, which will be paid on Friday, September 22nd. Stockholders of record on Thursday, August 24th will be issued a GBX 15.83 ($0.20) dividend. This represents a dividend yield of 1.34%. The ex-dividend date is Thursday, August 24th. St. James’s Place’s payout ratio is presently 8,153.85%.
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.
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