Reaffirms Overweight Rating for St. James's Place plc (STJ)

Posted March 21, 2017

Barclays PLC downgraded Shaftesbury plc to an underweight rating and decreased their target price for the stock from GBX 870 ($10.64) to GBX 820 ($10.03) in a research report on Wednesday, February 8th. They now have a GBX 2,250 ($27.79) target price on the stock. JPMorgan Chase & Co.'s price objective indicates a potential downside of 10.40% from the company's previous close.

A number of other brokerages have also recently weighed in on ALD. Peel Hunt upgraded shares of Aldermore Group PLC to an add rating and boosted their price target for the stock from GBX 205 ($2.53) to GBX 275 ($3.40) in a report on Monday, March 6th. The 52 week high for the share price is 257.1 while the 52 week low for the stock is 160.5. The stock of Babcock International Group PLC (LON:BAB) has "Conviction Buy" rating given on Tuesday, September 13 by Goldman Sachs. Six analysts have rated the stock with a hold rating and ten have given a buy rating to the company.

Aldermore Group PLC (LON:ALD) opened at 227.00 on Wednesday. The stock's 50 day moving average price is GBX 2,255.96 and its 200 day moving average price is GBX 2,151.12. The company's market capitalization is GBX 58.05 billion. Shareholders of record on Thursday, February 23rd will be paid a dividend of GBX 23.70 ($0.29) per share. The ex-dividend date of this dividend is Thursday, April 6th. The firm earned "Buy" rating on Tuesday, March 21 by N+1 Singer. The shares were acquired at an average cost of GBX 919 ($11.24) per share, for a total transaction of £183,800 ($224,721.85).

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 UK Electricity Transmission, which is engaged in high voltage electricity transmission networks in Great Britain; UK Gas Transmission, which is the gas transmission network in Great Britain and United Kingdom liquefied natural gas (LNG) storage activities; UK Gas Distribution, which includes approximately four of the eight regional networks of Great Britain's gas distribution system, and US Regulated, which includes gas distribution networks, electricity distribution networks and high voltage electricity transmission networks in NY, and New England and electricity generation facilities in NY. The Company's Life business segment offers pensions, protection and investment products through its life assurance subsidiaries.