St. James’s Place (LON:STJ) Shares Down 10.6% – Should You Sell?

St. James’s Place plc (LON:STJ) shares traded down 10.6% during trading on Wednesday . The stock traded as low as GBX 1,290.50 and last traded at GBX 1,294.90. 3,733,269 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 29,138,402 shares. The stock had previously closed at GBX 1,449.

Wall Street Analyst Weigh In

STJ has been the topic of a number of recent research reports. UBS Group reaffirmed a “neutral” rating and set a GBX 1,475 price objective on shares of St. James’s Place in a research report on Friday, January 16th. Jefferies Financial Group increased their price target on shares of St. James’s Place from GBX 1,160 to GBX 1,600 and gave the company a “buy” rating in a research report on Monday, October 20th. Citigroup lifted their price objective on shares of St. James’s Place from GBX 1,590 to GBX 1,790 and gave the stock a “buy” rating in a research report on Friday, January 16th. JPMorgan Chase & Co. increased their target price on shares of St. James’s Place from GBX 1,725 to GBX 1,726 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Finally, Royal Bank Of Canada raised their target price on shares of St. James’s Place from GBX 1,350 to GBX 1,375 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of GBX 1,645.14.

St. James’s Place Stock Performance

The firm has a market cap of £6.67 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 1.10 and a beta of 1.23. The company has a debt-to-equity ratio of 55.10, a current ratio of 0.60 and a quick ratio of 3.85. The firm has a fifty day simple moving average of GBX 1,434.84 and a two-hundred day simple moving average of GBX 1,343.98.

St. James’s Place Company Profile

We plan, grow and protect the financial futures of over one million clients across the UK by providing holistic advice-led wealth management, delivered exclusively by the Partnership, our group of more than 4,900 highly skilled advisers.

We offer an integrated client proposition, through which we provide financial advice, investment product wrappers such as pensions, investment bonds and ISAs, and offer our own range of investment funds and portfolios.