St. James’s Place (LON:STJ) Hits New 52-Week High – Still a Buy?

St. James’s Place plc (LON:STJ) hit a new 52-week high on Monday . The company traded as high as GBX 892 ($11.58) and last traded at GBX 866.51 ($11.25), with a volume of 5790995 shares changing hands. The stock had previously closed at GBX 865 ($11.23).

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the stock. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 750 ($9.74) price objective on shares of St. James’s Place in a research note on Friday, June 28th. JPMorgan Chase & Co. reiterated an “overweight” rating on shares of St. James’s Place in a research report on Tuesday, September 3rd. Finally, Royal Bank of Canada lifted their target price on St. James’s Place from GBX 550 ($7.14) to GBX 700 ($9.09) and gave the stock a “sector perform” rating in a report on Wednesday, July 31st. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 784.25 ($10.18).

St. James’s Place Stock Performance

The firm has a market capitalization of £4.66 billion, a PE ratio of -86,100.00, a P/E/G ratio of 1.10 and a beta of 1.23. The company has a debt-to-equity ratio of 55.10, a current ratio of 2.91 and a quick ratio of 3.85. The firm has a fifty day moving average price of GBX 732.86 and a 200 day moving average price of GBX 585.80.

St. James’s Place Cuts Dividend

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