St. James’s Place (LON:STJ) Shares Down 12.4% – Should You Sell?

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

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. UBS Group reaffirmed a “neutral” rating and issued a GBX 1,475 price objective on shares of St. James’s Place in a report on Friday, January 16th. Royal Bank Of Canada raised 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 report on Monday, February 2nd. Jefferies Financial Group lifted their price target on 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. Citigroup increased 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 report on Friday, January 16th. Finally, JPMorgan Chase & Co. raised their target price on St. James’s Place from GBX 1,725 to GBX 1,726 and gave the company an “overweight” rating in a report on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat, St. James’s Place presently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 1,645.14.

St. James’s Place Price Performance

The company has a market cap of £6.56 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23. The company has a fifty day simple moving average of GBX 1,434.84 and a two-hundred day simple moving average of GBX 1,343.98. The company has a quick ratio of 3.85, a current ratio of 0.60 and a debt-to-equity ratio of 55.10.

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.