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An update from St. James’s Place ( (GB:STJ) ) is now available.
St. James’s Place has continued its share buyback activity, purchasing 260,185 of its own 15p ordinary shares on 30 March on the London Stock Exchange and multiple trading venues, at prices ranging from 1,140p to 1,166.5p and an average price of 1,153.0235p. The company plans to cancel these shares, which will reduce the total number of shares in issue to 522,732,924 and adjust the denominator used by investors and other obliged parties when calculating disclosure thresholds under UK transparency rules.
The most recent analyst rating on (GB:STJ) stock is a Buy with a £1312.00 price target. To see the full list of analyst forecasts on St. James’s Place stock, see the GB:STJ Stock Forecast page.
Spark’s Take on STJ Stock
According to Spark, TipRanks’ AI Analyst, STJ is a Neutral.
The score is driven primarily by improving financial performance but tempered by volatility in earnings and especially cash flows. The latest earnings call was supportive (higher payout target, consensus beat, product traction and cost-savings plan), while technical indicators are the main drag due to weak near-term momentum. Valuation appears reasonable, with a modest dividend yield.
To see Spark’s full report on STJ stock, click here.
More about St. James’s Place
St. James’s Place plc is a UK-based wealth management group listed on the London Stock Exchange. The company focuses on providing financial advice and investment management services to retail and high-net-worth clients, primarily in the UK market.
Average Trading Volume: 2,620,386
Technical Sentiment Signal: Buy
Current Market Cap: £6B
For an in-depth examination of STJ stock, go to TipRanks’ Overview page.