St. James’s Place plc (LON:STJ) has been assigned an average recommendation of “Buy” from the fourteen brokerages that are currently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a hold recommendation, nine have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 1,319.33 ($18.52).
A number of research firms have recently commented on STJ. Numis Securities upped their price objective on shares of St. James’s Place from GBX 1,370 ($19.23) to GBX 1,430 ($20.07) and gave the company an “add” rating in a research note on Thursday, January 25th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,500 ($21.06) price objective on shares of St. James’s Place in a research note on Thursday, March 1st. JPMorgan Chase reaffirmed an “overweight” rating and set a GBX 1,347 ($18.91) price objective on shares of St. James’s Place in a research note on Wednesday, February 14th. Deutsche Bank reaffirmed a “hold” rating and set a GBX 1,310 ($18.39) price objective on shares of St. James’s Place in a research note on Tuesday, February 6th. Finally, Credit Suisse Group reaffirmed an “outperform” rating and set a GBX 1,390 ($19.51) price objective on shares of St. James’s Place in a research note on Tuesday, February 20th.
In other news, insider Iain Cornish bought 6,500 shares of the firm’s stock in a transaction dated Tuesday, March 20th. The stock was acquired at an average price of GBX 1,136 ($15.95) per share, for a total transaction of £73,840 ($103,649.64).
Shares of LON STJ traded down GBX 7.50 ($0.11) on Friday, reaching GBX 1,052 ($14.77). 1,092,802 shares of the company traded hands, compared to its average volume of 1,790,000. St. James’s Place has a fifty-two week low of GBX 1,008 ($14.15) and a fifty-two week high of GBX 1,279.50 ($17.96).
The company also recently announced a dividend, which will be paid on Friday, June 1st. Stockholders of record on Thursday, April 5th will be issued a dividend of GBX 27.45 ($0.39) per share. The ex-dividend date of this dividend is Thursday, April 5th. This represents a dividend yield of 2.43%. This is a boost from St. James’s Place’s previous dividend of $15.41.
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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.
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