St. James’s Place (LON:STJ) Shares Down 11.8% – Time to Sell?

St. James’s Place plc (LON:STJ) shares were down 11.8% on Wednesday . The company traded as low as GBX 1,257 and last traded at GBX 1,277.91. Approximately 5,213,079 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 29,189,430 shares. The stock had previously closed at GBX 1,449.

Analysts Set New Price Targets

STJ has been the topic of a number of research reports. Citigroup boosted 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 research note on Friday, January 16th. 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. JPMorgan Chase & Co. boosted their price target 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 report on Wednesday, January 21st. Royal Bank Of Canada upped their price target 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. Finally, UBS Group reaffirmed a “neutral” rating and issued a GBX 1,475 price objective on shares of St. James’s Place in a research note on Friday, January 16th. Five analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, St. James’s Place has an average rating of “Moderate Buy” and a consensus price target of GBX 1,645.14.

St. James’s Place Stock Down 11.6%

The company has a quick ratio of 3.85, a current ratio of 0.60 and a debt-to-equity ratio of 55.10. The company has a market capitalization of £6.66 billion, a PE ratio of 13.59, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23. The business’s 50 day simple moving average is GBX 1,434.84 and its 200 day simple moving average is GBX 1,343.98.

About St. James’s Place

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.