St. James’s Place (LON:STJ) Stock Price Down 10.6% – Time to Sell?

St. James’s Place plc (LON:STJ)’s share price dropped 10.6% during mid-day trading on Wednesday . The company traded as low as GBX 1,290.50 and last traded at GBX 1,294.90. Approximately 3,733,269 shares traded hands during mid-day trading, a decline of 87% from the average daily volume of 29,138,402 shares. The stock had previously closed at GBX 1,449.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on the stock. Royal Bank Of Canada upped their price objective on shares of St. James’s Place from GBX 1,350 to GBX 1,375 and gave the stock a “sector perform” rating in a research report on Monday, February 2nd. Jefferies Financial Group boosted their target price on shares of St. James’s Place from GBX 1,160 to GBX 1,600 and gave the stock a “buy” rating in a research note on Monday, October 20th. UBS Group reaffirmed 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. Citigroup lifted 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 report on Friday, January 16th. Finally, JPMorgan Chase & Co. boosted their price objective on 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. Five equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 1,645.14.

St. James’s Place Price 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 has a 50 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 market cap of £6.67 billion, a price-to-earnings ratio of 13.60, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23.

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.