St. James’s Place (LON:STJ) Stock Price Down 13.4% – What’s Next?

St. James’s Place plc (LON:STJGet Free Report)’s share price dropped 13.4% during trading on Wednesday . The stock traded as low as GBX 1,243 and last traded at GBX 1,255. Approximately 9,472,512 shares changed hands during trading, a decline of 68% from the average daily volume of 29,336,307 shares. The stock had previously closed at GBX 1,449.

More St. James’s Place News

Here are the key news stories impacting St. James’s Place this week:

Analyst Ratings Changes

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective on St. James’s Place from GBX 1,725 to GBX 1,726 and gave the company an “overweight” rating in a research report on Wednesday, January 21st. Citigroup lifted their price target on St. James’s Place from GBX 1,590 to GBX 1,790 and gave the company a “buy” rating in a report on Friday, January 16th. 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 stock a “sector perform” rating in a research report on Monday, February 2nd. UBS Group reissued a “neutral” rating and set a GBX 1,475 target price on shares of St. James’s Place in a research report on Friday, January 16th. Finally, Jefferies Financial Group boosted their price target 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. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of GBX 1,645.14.

Get Our Latest Stock Report on St. James’s Place

St. James’s Place Stock Down 13.4%

The stock has a market cap of £6.53 billion, a P/E ratio of 13.31, a P/E/G ratio of 1.10 and a beta of 1.23. The company has a current ratio of 0.60, a quick ratio of 3.85 and a debt-to-equity ratio of 55.10. The firm’s fifty day moving average is GBX 1,434.84 and its 200 day moving average is GBX 1,343.98.

St. James’s Place Company Profile

(Get Free Report)

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.

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