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St. James’s Place ( (GB:STJ) ) has shared an announcement.
St. James’s Place plc has executed a share buyback program, purchasing 99,343 of its ordinary shares on the London Stock Exchange at an average price of 997.3807 pence per share. This move, authorized by shareholders at the 2024 Annual General Meeting, is part of the company’s strategy to manage its capital structure. The purchased shares will be canceled, reducing the total number of shares in issue to 535,803,792, which may impact shareholder calculations under the Disclosure and Transparency Rules.
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
YTD Price Performance: 18.51%
Average Trading Volume: 2,445,959
Technical Sentiment Signal: Sell
Current Market Cap: £5.38B
See more data about STJ stock on TipRanks’ Stock Analysis page.