St. James’s Place (LON:STJ) Shares Down 8.8% – Here’s What Happened

St. James’s Place plc (LON:STJGet Free Report) fell 8.8% during mid-day 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.

Analysts Set New Price Targets

STJ has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their target price on shares of 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. Royal Bank Of Canada boosted 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 note on Monday, February 2nd. Citigroup increased their price objective on 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 reaffirmed a “neutral” rating and set a GBX 1,475 target price on shares of St. James’s Place in a research report on Friday, January 16th. Finally, Jefferies Financial Group upped 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 report on Monday, October 20th. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, St. James’s Place currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 1,645.14.

View Our Latest Stock Report on STJ

St. James’s Place Stock Performance

The company has a debt-to-equity ratio of 55.10, a quick ratio of 3.85 and a current ratio of 0.60. The stock’s 50 day moving average price is GBX 1,434.84 and its 200 day moving average price is GBX 1,343.98. The company has a market capitalization of £6.77 billion, a P/E ratio of 13.81, a price-to-earnings-growth ratio of 1.10 and a beta of 1.23.

About St. James’s Place

(Get Free Report)

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.

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