St. James’s Place (LON:STJ) Shares Down 10.6% – Here’s What Happened

St. James’s Place plc (LON:STJ) shares were down 10.6% during trading on Wednesday . The company traded as low as GBX 1,290.50 and last traded at GBX 1,294.90. Approximately 3,733,269 shares changed hands during trading, a decline of 87% from the average daily volume of 29,138,402 shares. The stock had previously closed at GBX 1,449.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on STJ shares. UBS Group reissued a “neutral” rating and issued a GBX 1,475 price objective on shares of St. James’s Place in a research report on Friday, January 16th. JPMorgan Chase & Co. raised their target price on 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. Royal Bank Of Canada boosted their price target on St. James’s Place from GBX 1,350 to GBX 1,375 and gave the company a “sector perform” rating in a research note on Monday, February 2nd. Jefferies Financial Group increased 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. Finally, Citigroup lifted their price objective on shares of St. James’s Place from GBX 1,590 to GBX 1,790 and gave the company a “buy” rating in a research note on Friday, January 16th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of GBX 1,645.14.

St. James’s Place Trading Down 1.2%

The business has a 50 day moving average of GBX 1,430.74 and a two-hundred day moving average of GBX 1,342.74. The firm has a market capitalization of £6.45 billion, a price-to-earnings ratio of 13.15, a P/E/G 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

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.