St. James’s Place (LON:STJ) Stock Price Crosses Above 200-Day Moving Average of $543.68

St. James’s Place plc (LON:STJ) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 543.68 ($7.18) and traded as high as GBX 719 ($9.50). St. James’s Place shares last traded at GBX 719 ($9.50), with a volume of 969,744 shares trading hands.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Royal Bank of Canada increased their price target on St. James’s Place from GBX 550 ($7.27) to GBX 700 ($9.25) and gave the company a “sector perform” rating in a report on Wednesday, July 31st. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of St. James’s Place in a report on Tuesday, September 3rd. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 750 ($9.91) target price on shares of St. James’s Place in a report on Friday, June 28th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, St. James’s Place currently has an average rating of “Moderate Buy” and a consensus target price of GBX 784.25 ($10.36).

St. James’s Place Price Performance

The company has a current ratio of 2.91, a quick ratio of 3.85 and a debt-to-equity ratio of 55.10. The firm has a market cap of £3.93 billion, a PE ratio of -73,250.00, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23. The stock has a 50 day simple moving average of GBX 666.04 and a 200-day simple moving average of GBX 545.28.

St. James’s Place Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, September 20th. Stockholders of record on Thursday, August 22nd will be given a dividend of GBX 6 ($0.08) per share. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a dividend yield of 1.07%. St. James’s Place’s payout ratio is -140,000.00%.

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.