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

St. James’s Place plc (LON:STJ)’s share price dropped 13.4% during mid-day 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.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on STJ. JPMorgan Chase & Co. raised their target price on shares of St. James’s Place from GBX 1,725 to GBX 1,726 and gave the company an “overweight” rating in a research note on Wednesday, January 21st. Royal Bank Of Canada increased 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. Jefferies Financial Group lifted their target price 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. UBS Group reiterated a “neutral” rating and issued a GBX 1,475 target price on shares of St. James’s Place in a research report on Friday, January 16th. Finally, Citigroup raised 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. Five equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,645.14.

St. James’s Place Trading Down 0.8%

The stock has a market cap of £6.48 billion, a PE ratio of 13.21, a PEG 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. The stock has a fifty day moving average price of GBX 1,428.13 and a 200 day moving average price of GBX 1,343.29.

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.