St. James's Place (LON:STJ) shares break above the 200-day moving average of $531.11

St. James’s Place plc (LON:STJ – Free Report) crossed above its 200-day moving average during trading on Thursday. The stock has a 200-day moving average of GBX531.11 ($6.79) and has traded as high as GBX694.50 ($8.88). St. James’s Place shares were last traded at GBX693 ($8.86) with a trading volume of 914,991 shares.

Wall Street analysts predict growth

Several analysts have commented on the stock. Barclays reiterated an “overweight” rating and issued a price target of GBX 700 ($8.95) on shares of St. James’s Place in a research report on Wednesday, May 1st. Royal Bank of Canada increased their price target on St. James’s Place from GBX 550 ($7.03) to GBX 700 ($8.95) and gave the company a “sector perform” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price target on St. James’s Place from GBX 744 ($9.51) to GBX 987 ($12.61) and gave the stock an “overweight” rating in a research report on Thursday, August 1st. Finally, Berenberg Bank reiterated a Buy rating and announced a price target of GBX 750 ($9.58) on St. James’s Place shares in a research note on Friday, June 28. One analyst has rated the stock with a Hold rating and four have given a Buy rating. Based on data from MarketBeat, the stock has an average rating of Moderate Buy and a consensus price target of GBX 784.25 ($10.02).

Get our latest stock report on STJ

St. James’s Place is down 0.1%

The stock has a market cap of £3.80 billion, a P/E ratio of -34,650.00, a PEG ratio of 1.10 and a beta of 1.20. The company has a debt-to-equity ratio of 37.81, a current ratio of 1.10 and a quick ratio of 3.85. The company’s 50 day moving average price is GBX 568.99 and its 200 day moving average price is GBX 531.11.

St. James’s Place cuts dividend

The company also recently announced a dividend, which will be paid on Friday, September 20th. Investors of record on Thursday, August 22nd will receive a dividend of GBX 6 ($0.08), representing a yield of 1.07%. The ex-dividend date is Thursday, August 22nd. St. James’s Place’s dividend payout ratio is currently -120,000.00%.

About St. James’s Place

(Get free report)

St. James’s Place plc is a public investment manager. The company establishes and manages equity, fixed income and mixed investment funds for its clients. It invests in public equity and fixed income markets worldwide. The company was formerly known as St. James’s Place Capital plc. St.