St. James’s Place (LON:STJ) Trading Down 8.8% – Here’s Why

Shares of St. James’s Place plc (LON:STJ) fell 8.8% during trading on Wednesday . The company traded as low as GBX 1,299.94 and last traded at GBX 1,321.50. 3,123,068 shares traded hands during mid-day trading, a decline of 89% from the average session volume of 29,115,508 shares. The stock had previously closed at GBX 1,449.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Royal Bank Of Canada upped 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. Jefferies Financial Group upped their target price on shares of St. James’s Place from GBX 1,160 to GBX 1,600 and gave the company a “buy” rating in a research note on Monday, October 20th. UBS Group reaffirmed a “neutral” rating and set a GBX 1,475 price objective on shares of St. James’s Place in a report on Friday, January 16th. JPMorgan Chase & Co. increased 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. Finally, Citigroup boosted 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 research note on Friday, January 16th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,645.14.

St. James’s Place Stock Down 1.2%

The firm has a fifty day moving average price of GBX 1,430.74 and a 200 day moving average price 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 current ratio of 0.60, a quick ratio of 3.85 and a debt-to-equity ratio of 55.10.

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.