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

St. James’s Place plc (LON:STJ)’s stock price dropped 13.4% on Wednesday . The company traded as low as GBX 1,243 and last traded at GBX 1,255. Approximately 9,472,512 shares traded 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.

Trending Headlines about St. James’s Place

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

• Neutral Sentiment: A short headline-style summary (very concise)
• Neutral Sentiment: A slightly longer analysis including likely near-term impact on the stock and investor considerations

Analyst Ratings Changes

Several equities research analysts recently weighed in on the stock. UBS Group reiterated a “neutral” rating and set a GBX 1,475 price objective on shares of St. James’s Place in a research note on Friday, January 16th. Citigroup upped their target price 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. JPMorgan Chase & Co. increased their price target on 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. Royal Bank Of Canada boosted their price objective 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. Finally, 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 note on Monday, October 20th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, St. James’s Place currently has an average rating of “Moderate Buy” and an average price target of GBX 1,645.14.

St. James’s Place Stock Down 13.4%

The firm’s 50 day simple moving average is GBX 1,434.84 and its 200 day simple moving average is GBX 1,343.98. The company has a market cap of £6.53 billion, a price-to-earnings ratio of 13.31, 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.

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.