St. James’s Place (LON:STJ) Sets New 52-Week High – Should You Buy?

St. James’s Place plc (LON:STJ) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 892 ($11.65) and last traded at GBX 866.51 ($11.32), with a volume of 5790995 shares changing hands. The stock had previously closed at GBX 865 ($11.30).

Analysts Set New Price Targets

Several equities research analysts have weighed in on STJ shares. JPMorgan Chase & Co. reaffirmed an “overweight” rating on shares of St. James’s Place in a research report on Tuesday, September 3rd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 750 ($9.79) target price on shares of St. James’s Place in a report on Friday, June 28th. Finally, Royal Bank of Canada lifted their price target on St. James’s Place from GBX 550 ($7.18) to GBX 700 ($9.14) and gave the company a “sector perform” rating in a research report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of GBX 784.25 ($10.24).

St. James’s Place Stock Performance

The company has a debt-to-equity ratio of 55.10, a quick ratio of 3.85 and a current ratio of 2.91. The firm has a market capitalization of £4.69 billion, a PE ratio of -87,600.00, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23. The firm’s 50 day moving average price is GBX 726.03 and its 200-day moving average price is GBX 581.24.

St. James’s Place Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, August 22nd were given a dividend of GBX 6 ($0.08) per share. The ex-dividend date was Thursday, August 22nd. This represents a yield of 1.07%. St. James’s Place’s dividend payout ratio is currently -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.