St. James’s Place (LON:STJ) Shares Down 8.8% – Here’s What Happened

St. James’s Place plc (LON:STJ) was down 8.8% during trading on Wednesday . The company traded as low as GBX 1,299.94 and last traded at GBX 1,321.50. Approximately 3,123,068 shares traded hands during mid-day trading, a decline of 89% from the average daily volume of 29,115,508 shares. The stock had previously closed at GBX 1,449.

Wall Street Analysts Forecast Growth

STJ has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of St. James’s Place from GBX 1,725 to GBX 1,726 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. Royal Bank Of Canada boosted 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 report on Monday, February 2nd. 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 stock 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 company a “buy” rating in a research note on Friday, January 16th. Finally, UBS Group restated a “neutral” rating and set a GBX 1,475 target price on shares of St. James’s Place in a research note on Friday, January 16th. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,645.14.

St. James’s Place Trading Down 10.1%

The business’s 50 day simple moving average is GBX 1,434.84 and its two-hundred day simple moving average is GBX 1,343.98. The stock has a market cap of £6.77 billion, a P/E ratio of 13.81, a PEG ratio of 1.10 and a beta of 1.23. The company has a quick ratio of 3.85, a current ratio of 0.60 and a debt-to-equity ratio of 55.10.

About St. James’s Place

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.