St. James's Place plc (LON:STJ) had its price target increased by stock analysts at Royal Bank of Canada from GBX 950 ($11.73) to GBX 1,000 ($12.35) in a research report issued on Friday. The brokerage currently has a “sector performer” rating on the stock. Royal Bank of Canada’s price target indicates a potential downside of 7.15% from the company’s previous close.
Several other equities analysts also recently weighed in on the company. HSBC Holdings plc reiterated a “buy” rating and set a GBX 1,280 ($15.81) target price on shares of St. James's Place plc in a research report on Thursday, March 2nd. Macquarie lifted their target price on St. James's Place plc from GBX 1,186 ($14.65) to GBX 1,229 ($15.18) and gave the company an “outperform” rating in a research report on Thursday, March 2nd. JPMorgan Chase & Co. lowered their target price on St. James's Place plc from GBX 1,192 ($14.72) to GBX 1,167 ($14.41) and set an “overweight” rating on the stock in a research report on Wednesday, March 1st. Peel Hunt reiterated an “add” rating and set a GBX 1,175 ($14.51) target price on shares of St. James's Place plc in a research report on Tuesday, February 28th. Finally, Shore Capital reiterated a “buy” rating on shares of St. James's Place plc in a research report on Tuesday, February 28th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 1,127.36 ($13.92).
St. James's Place plc (LON:STJ) opened at 1077.00 on Friday. The company’s market capitalization is GBX 5.64 billion. The stock’s 50 day moving average price is GBX 1,081.89 and its 200 day moving average price is GBX 1,004.07. St. James's Place plc has a 12 month low of GBX 521.00 and a 12 month high of GBX 1,126.44.
The firm also recently disclosed a dividend, which will be paid on Friday, May 12th. Stockholders of record on Thursday, April 6th will be given a GBX 20.67 ($0.26) dividend. This represents a dividend yield of 1.96%. This is an increase from St. James's Place plc’s previous dividend of $12.33. The ex-dividend date is Thursday, April 6th.
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In other news, insider David Bellamy sold 407 shares of the business’s stock in a transaction dated Thursday, December 29th. The stock was sold at an average price of GBX 989 ($12.21), for a total value of £4,025.23 ($4,971.26).
About St. James's Place plc
St. James’s Place plc is a United Kingdom-based company, which provides wealth management advice, investment management and related services to businesses and individuals across the United Kingdom. The Company’s segments include Life business, Unit Trust business, Distribution business and Other. The Company’s Life business segment offers pensions, protection and investment products through its life assurance subsidiaries.
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