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

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

Key Stories Impacting St. James’s Place

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

Analysts Set New Price Targets

STJ has been the topic of a number of recent research reports. Royal Bank Of Canada upped their target price 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. UBS Group reissued 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. 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. Jefferies Financial Group boosted their price target on St. James’s Place from GBX 1,160 to GBX 1,600 and gave the company a “buy” rating in a report on Monday, October 20th. Finally, Citigroup raised their price objective 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. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,645.14.

Check Out Our Latest Stock Analysis on STJ

St. James’s Place Stock Performance

The stock’s fifty day simple moving average is GBX 1,434.84 and its two-hundred 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 debt-to-equity ratio of 55.10, a quick ratio of 3.85 and a current ratio of 0.60.

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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