St. James's Place plc (LON:STJ) insider Iain Cornish purchased 6,500 shares of the company’s stock in a transaction that occurred on Tuesday, March 20th. The stock was bought at an average price of GBX 1,136 ($15.69) per share, with a total value of £73,840 ($102,017.13).
Shares of STJ stock opened at GBX 1,134.50 ($15.67) on Wednesday. St. James's Place plc has a 12 month low of GBX 1,008 ($13.93) and a 12 month high of GBX 1,279.50 ($17.68). The firm has a market cap of $6,040.00 and a price-to-earnings ratio of 4,201.85.
The firm also recently announced a dividend, which will be paid on Friday, June 1st. Shareholders of record on Thursday, April 5th will be paid a dividend of GBX 27.45 ($0.38) per share. This is a positive change from St. James's Place’s previous dividend of $15.41. The ex-dividend date of this dividend is Thursday, April 5th. This represents a yield of 2.43%.
STJ has been the subject of a number of research analyst reports. Deutsche Bank restated a “hold” rating and issued a GBX 1,310 ($18.10) price target on shares of St. James's Place in a research note on Friday, March 9th. Credit Suisse Group lifted their price target on shares of St. James's Place from GBX 1,370 ($18.93) to GBX 1,390 ($19.20) and gave the stock an “outperform” rating in a research note on Friday, January 26th. Barclays reiterated an “overweight” rating and set a GBX 1,361 ($18.80) target price on shares of St. James's Place in a research note on Friday, January 26th. Numis Securities upgraded shares of St. James's Place to a “buy” rating and set a GBX 1,430 ($19.76) target price for the company in a research note on Wednesday, February 28th. Finally, HSBC boosted their target price on shares of St. James's Place from GBX 1,350 ($18.65) to GBX 1,380 ($19.07) and gave the company a “buy” rating in a research note on Thursday, November 23rd. Four research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. St. James's Place currently has a consensus rating of “Buy” and a consensus price target of GBX 1,327.85 ($18.35).
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About St. James's Place
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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