St. James’s Place (LON:STJ) Sets New 52-Week Low – Time to Sell?

St. James’s Place plc (LON:STJ) shares reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 1,038.75 and last traded at GBX 1,040, with a volume of 2778959 shares. The stock had previously closed at GBX 1,085.

Analyst Upgrades and Downgrades

STJ has been the subject of a number of recent research reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 1,800 price objective on shares of St. James’s Place in a research note on Thursday, April 30th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 1,700 price target on shares of St. James’s Place in a report on Wednesday. Deutsche Bank Aktiengesellschaft reduced their price target on St. James’s Place from GBX 2,050 to GBX 2,000 and set a “buy” rating for the company in a research report on Wednesday, June 24th. Citigroup increased their price objective on St. James’s Place from GBX 1,790 to GBX 1,830 and gave the stock a “buy” rating in a report on Tuesday, July 14th. Finally, Royal Bank Of Canada restated a “sector perform” rating and issued a GBX 1,400 target price on shares of St. James’s Place in a research note on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, St. James’s Place currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,695.43.

St. James’s Place Stock Performance

The company’s fifty day simple moving average is GBX 1,175.19 and its 200 day simple moving average is GBX 1,264.37. The company has a current ratio of 3.80, a quick ratio of 3.85 and a debt-to-equity ratio of 36.73. The stock has a market capitalization of £5.36 billion, a P/E ratio of 10.66, a P/E/G ratio of 1.10 and a beta of 1.02.

St. James’s Place (LON:STJ) last released its quarterly earnings results on Wednesday, July 29th. The company reported GBX 43.30 EPS for the quarter. St. James’s Place had a net margin of 1.76% and a return on equity of 37.33%. As a group, sell-side analysts forecast that St. James’s Place plc will post 67.9947461 earnings per share for the current fiscal year.

Insider Transactions at St. James’s Place

In other St. James’s Place news, insider Penny James acquired 8,418 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was bought at an average price of GBX 1,182 per share, with a total value of £99,500.76. Corporate insiders own 1.21% of the company’s stock.

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.