St. James’s Place (LON:STJ) Shares Down 12.8% – What’s Next?

St. James’s Place plc (LON:STJ)’s share price traded down 12.8% during mid-day trading on Wednesday . The stock traded as low as GBX 1,255.50 and last traded at GBX 1,263. 6,837,487 shares changed hands during trading, a decline of 77% from the average session volume of 29,245,443 shares. The stock had previously closed at GBX 1,449.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on STJ shares. Jefferies Financial Group upped their price target on shares of 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 upped their target price 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. Royal Bank Of Canada increased their target price on St. James’s Place from GBX 1,350 to GBX 1,375 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. UBS Group reiterated a “neutral” rating and issued a GBX 1,475 price target on shares of St. James’s Place in a report on Friday, January 16th. Finally, JPMorgan Chase & Co. raised 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. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,645.14.

St. James’s Place Stock Performance

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 company has a market cap of £6.60 billion, a PE ratio of 13.46, a P/E/G ratio of 1.10 and a beta of 1.23. The firm’s 50-day simple moving average is GBX 1,434.84 and its two-hundred day simple moving average is 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.