St. James’s Place (LON:STJ) Stock Price Down 10.6% – Here’s What Happened

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

Analysts Set New Price Targets

STJ has been the subject of several recent research reports. UBS Group reissued a “neutral” rating and set a GBX 1,475 target price on shares of St. James’s Place in a report on Friday, January 16th. Royal Bank Of Canada upped their target price on St. James’s Place from GBX 1,350 to GBX 1,375 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. Citigroup raised their target price on St. James’s Place from GBX 1,590 to GBX 1,790 and gave the stock a “buy” rating in a report on Friday, January 16th. Jefferies Financial Group lifted their price target on 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. Finally, JPMorgan Chase & Co. upped their price objective on 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. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,645.14.

St. James’s Place Trading Down 11.5%

The stock has a market cap of £6.67 billion, a PE ratio of 13.60, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23. The company has a debt-to-equity ratio of 55.10, a quick ratio of 3.85 and a current ratio of 0.60. The company has a 50 day moving average of GBX 1,434.84 and a two-hundred day 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.