JPMorgan Chase & Co. Reiterates “Overweight” Rating for St. James's Place plc (STJ)
St. James's Place plc (LON:STJ)‘s stock had its “overweight” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a report issued on Tuesday. They currently have a GBX 924 ($15.55) price objective on the stock. JPMorgan Chase & Co.’s price objective points to a potential upside of 27.55% from the company’s current price.
St. James's Place plc (LON:STJ) traded up 1.25% on Tuesday, hitting GBX 724.4109. 1,437,839 shares of the company’s stock traded hands. St. James's Place plc has a 1-year low of GBX 584.00 and a 1-year high of GBX 908.50. The stock’s 50-day moving average is GBX 761.2 and its 200-day moving average is GBX 789.. The company’s market cap is £3.716 billion.
The company also recently announced a dividend, which is scheduled for Wednesday, September 24th. Stockholders of record on Wednesday, August 27th will be paid a dividend of GBX 8.93 ($0.15) per share. This represents a dividend yield of 1.16%. The ex-dividend date is Wednesday, August 27th.
A number of other firms have also recently commented on STJ. Analysts at Nomura cut their price target on shares of St. James's Place plc from GBX 915 ($15.40) to GBX 900 ($15.14) in a research note on Tuesday. They now have a “buy” rating on the stock. Separately, analysts at Deutsche Bank cut their price target on shares of St. James's Place plc from GBX 950 ($15.99) to GBX 925 ($15.56) in a research note on Wednesday, July 30th. They now have a “buy” rating on the stock. Finally, analysts at Berenberg Bank reiterated a “buy” rating on shares of St. James's Place plc in a research note on Tuesday, July 29th. They now have a GBX 860 ($14.47) price target on the stock. Three analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. St. James's Place plc presently has an average rating of “Buy” and a consensus price target of GBX 872.17 ($14.68).
St. James’s Place plc is a financial services holding company, with principal interests in the provision of wealth management advice and services to the clients.
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