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

St. James’s Place plc (LON:STJ) 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 traded hands during mid-day trading, a decline of 68% from the average session 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

Wall Street Analyst Weigh In

STJ has been the topic of several recent research reports. Royal Bank Of Canada upped their price target on St. James’s Place from GBX 1,350 to GBX 1,375 and gave the stock a “sector perform” rating in a research note on Monday, February 2nd. Citigroup boosted their target price on shares of 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. UBS Group reiterated a “neutral” rating and issued a GBX 1,475 price target on shares of St. James’s Place in a research note on Friday, January 16th. JPMorgan Chase & Co. boosted their price objective 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. Finally, Jefferies Financial Group upped their price objective on shares of 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. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,645.14.

St. James’s Place Stock Performance

The company has a current ratio of 0.60, a quick ratio of 3.85 and a debt-to-equity ratio of 55.10. The firm has a market capitalization of £6.53 billion, a P/E ratio of 13.31, 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 two-hundred 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.