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

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on STJ shares. Jefferies Financial Group upped their price objective on 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 increased their target price on shares of 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. UBS Group restated a “neutral” rating and issued a GBX 1,475 price target on shares of St. James’s Place in a research note on Friday, January 16th. 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. Finally, Royal Bank Of Canada increased their price objective 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 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 has an average rating of “Moderate Buy” and an average target price of GBX 1,645.14.

St. James’s Place Stock Down 10.1%

The stock has a market capitalization of £6.77 billion, a price-to-earnings ratio of 13.81, a price-to-earnings-growth 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. The stock has a 50 day moving average price of GBX 1,434.84 and a 200 day moving average price of GBX 1,343.98.

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.