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An announcement from St. James’s Place ( (GB:STJ) ) is now available.
St. James’s Place plc announced the repurchase of 204,800 of its ordinary shares on the London Stock Exchange, as part of a shareholder-approved buyback program. The shares were bought at an average price of 1,296.8354 pence each and will be canceled, reducing the total number of shares in circulation to 534,341,275. This move is likely to impact the company’s share value and could influence shareholder interest calculations under the Disclosure and Transparency Rules.
The most recent analyst rating on (GB:STJ) stock is a Buy with a £1150.00 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 GB:STJ Stock
According to Spark, TipRanks’ AI Analyst, GB:STJ is a Neutral.
St. James’s Place presents a stable outlook with strong revenue growth and strategic initiatives. However, challenges in profitability, cash flow, and bearish technical indicators weigh on the score. The fair valuation and positive earnings sentiment provide support, but improvements in profitability and cash flow are crucial for future growth.
To see Spark’s full report on GB:STJ stock, click here.
More about St. James’s Place
St. James’s Place plc operates in the financial services industry, primarily offering wealth management services. The company focuses on providing personalized financial advice and investment management solutions to individual and corporate clients.
Average Trading Volume: 1,577,225
Technical Sentiment Signal: Buy
Current Market Cap: £6.86B
For detailed information about STJ stock, go to TipRanks’ Stock Analysis page.