St. James’s Place (LON:STJ) Trading Down 11.7% – Time to Sell?

St. James’s Place plc (LON:STJ) dropped 11.7% during trading on Wednesday . The stock traded as low as GBX 1,264 and last traded at GBX 1,279.91. Approximately 4,537,960 shares were traded during trading, a decline of 84% from the average daily volume of 29,166,150 shares. The stock had previously closed at GBX 1,449.

Analyst Ratings Changes

STJ has been the topic of several analyst reports. Citigroup lifted their price target 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. Jefferies Financial Group raised 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 report on Monday, October 20th. Royal Bank Of Canada upped 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 report on Monday, February 2nd. JPMorgan Chase & Co. lifted their target price 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 note on Wednesday, January 21st. Finally, 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. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 1,645.14.

St. James’s Place Stock Performance

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 market capitalization of £6.58 billion, a PE ratio of 13.41, a PEG ratio of 1.10 and a beta of 1.23. The firm has a 50 day moving average price of GBX 1,434.84 and a 200-day moving average price 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.