St. James’s Place (LON:STJ) Stock Price Down 13.4% – Should You Sell?

Shares of St. James’s Place plc (LON:STJ) were down 13.4% on Thursday . The stock traded as low as GBX 1,243 and last traded at GBX 1,255. Approximately 9,472,512 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 29,336,307 shares. The stock had previously closed at GBX 1,449.

Analyst Ratings Changes

A number of brokerages have commented on STJ. UBS Group reiterated a “neutral” rating and issued a GBX 1,475 price objective on shares of St. James’s Place in a report on Friday, January 16th. Royal Bank Of Canada lifted 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 report on Monday, February 2nd. JPMorgan Chase & Co. boosted their price target on St. James’s Place from GBX 1,725 to GBX 1,726 and gave the stock an “overweight” rating in a research note on Wednesday, January 21st. Jefferies Financial Group raised their price objective on St. James’s Place from GBX 1,160 to GBX 1,600 and gave the company a “buy” rating in a research note on Monday, October 20th. Finally, Citigroup lifted their price objective 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. Five investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,645.14.

St. James’s Place Trading Down 0.8%

The stock has a market cap of £6.48 billion, a P/E ratio of 13.21, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23. The firm’s 50 day simple moving average is GBX 1,428.13 and its two-hundred day simple moving average is GBX 1,343.29. The company has a quick ratio of 3.85, a current ratio of 0.60 and a debt-to-equity ratio of 55.10.

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.