St. James’s Place (LON:STJ) Trading Down 8.8% – What’s Next?

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on STJ shares. UBS Group reissued 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. Citigroup upped their price objective on shares of 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. JPMorgan Chase & Co. increased their price objective on shares of St. James’s Place from GBX 1,725 to GBX 1,726 and gave the stock an “overweight” rating in a research report on Wednesday, January 21st. 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 company a “buy” rating in a report on Monday, October 20th. Finally, Royal Bank Of Canada upped their price target on shares of St. James’s Place from GBX 1,350 to GBX 1,375 and gave the company a “sector perform” rating in a research report on Monday, February 2nd. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 1,645.14.

St. James’s Place Stock Down 10.1%

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 firm’s 50 day moving average price is GBX 1,434.84 and its two-hundred day moving average price is GBX 1,343.98. The company has a market cap 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.

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.