Royal Bank of Canada Raises St. James’s Place (LON:STJ) Price Target to GBX 700

St. James’s Place (LON:STJ) had its target price upped by Royal Bank of Canada from GBX 550 ($7.07) to GBX 700 ($9.00) in a research report report published on Wednesday morning, MarketBeat reports. They currently have a sector perform rating on the stock.

Several other equities research analysts have also recently commented on STJ. Barclays reissued an overweight rating and set a GBX 700 ($9.00) price target on shares of St. James’s Place in a research report on Wednesday, May 1st. Berenberg Bank reiterated a buy rating and set a GBX 750 ($9.65) target price on shares of St. James’s Place in a report on Friday, June 28th. Finally, JPMorgan Chase & Co. raised St. James’s Place to an overweight rating in a research report on Monday, June 3rd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of Moderate Buy and a consensus price target of GBX 784.25 ($10.09).

St. James’s Place Price Performance

LON STJ opened at GBX 688 ($8.85) on Wednesday. The firm’s 50 day moving average is GBX 549.39 and its 200-day moving average is GBX 529.03. The company has a quick ratio of 3.85, a current ratio of 1.10 and a debt-to-equity ratio of 37.81. The company has a market capitalization of £3.77 billion, a PE ratio of -34,700.00, a price-to-earnings-growth ratio of 1.10 and a beta of 1.20. St. James’s Place has a 12-month low of GBX 393.60 ($5.06) and a 12-month high of GBX 937.80 ($12.06).

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 paid 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 dividend payout ratio is presently -120,000.00%.

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.