St. James’s Place (LON:STJ) Shares Down 10.6% – Should You Sell?

St. James’s Place plc (LON:STJ) fell 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. 3,733,269 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 29,138,402 shares. The stock had previously closed at GBX 1,449.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on STJ shares. Citigroup boosted 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 report on Friday, January 16th. JPMorgan Chase & Co. lifted their price target on 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. Royal Bank Of Canada boosted 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 research note on Monday, February 2nd. UBS Group reissued 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. Finally, Jefferies Financial Group raised their price objective on 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. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,645.14.

St. James’s Place Stock Down 11.5%

The company has a quick ratio of 3.85, a current ratio of 0.60 and a debt-to-equity ratio of 55.10. The company has a market capitalization of £6.67 billion, a price-to-earnings ratio of 13.60, a P/E/G ratio of 1.10 and a beta of 1.23. The business’s 50-day moving average is GBX 1,434.84 and its 200-day moving average is GBX 1,343.98.

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.