St. James’s Place (LON:STJ) Stock Price Down 12.4% – Here’s What Happened

St. James’s Place plc (LON:STJ) shares fell 12.4% on Wednesday . The company traded as low as GBX 1,257 and last traded at GBX 1,269.47. 5,789,899 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 29,209,320 shares. The stock had previously closed at GBX 1,449.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on STJ shares. 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. Citigroup increased their target price on shares of St. James’s Place from GBX 1,590 to GBX 1,790 and gave the stock a “buy” rating in a research report on Friday, January 16th. Royal Bank Of Canada boosted their target price 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. UBS Group restated a “neutral” rating and set a GBX 1,475 price target on shares of St. James’s Place in a research note on Friday, January 16th. Finally, JPMorgan Chase & Co. boosted 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 report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. 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 Stock Performance

The company has a debt-to-equity ratio of 55.10, a current ratio of 0.60 and a quick ratio of 3.85. The stock’s 50 day moving average is GBX 1,430.74 and its two-hundred day moving average is GBX 1,342.74. The firm has a market cap of £6.46 billion, a P/E ratio of 13.18, a PEG ratio of 1.10 and a beta of 1.23.

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.