St. James’s Place (LON:STJ) Stock Price Down 13.4% – Should You Sell?

St. James’s Place plc (LON:STJ) dropped 13.4% during trading on Wednesday . The stock traded as low as GBX 1,243 and last traded at GBX 1,255. Approximately 9,472,512 shares changed hands during mid-day trading, a decline of 68% from the average daily volume of 29,336,307 shares. The stock had previously closed at GBX 1,449.

Key Headlines Impacting St. James’s Place

Here are the key news stories impacting St. James’s Place this week:

• Neutral Sentiment: A short headline-style summary (very concise)
• Neutral Sentiment: A slightly longer analysis including likely near-term impact on the stock and investor considerations

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. Jefferies Financial Group increased their price target 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. 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 company an “overweight” rating in a research report on Wednesday, January 21st. Citigroup boosted their price target on St. James’s Place from GBX 1,590 to GBX 1,790 and gave the stock a “buy” rating in a research note on Friday, January 16th. UBS Group reissued a “neutral” rating and set a GBX 1,475 price objective on shares of St. James’s Place in a report on Friday, January 16th. Finally, Royal Bank Of Canada raised their target price on 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. Five research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 1,645.14.

St. James’s Place Stock Down 13.4%

The stock has a market capitalization of £6.53 billion, a P/E ratio of 13.31, a P/E/G ratio of 1.10 and a beta of 1.23. The business has a 50-day moving average price of GBX 1,434.84 and a 200 day moving average price of GBX 1,343.98. The company has a current ratio of 0.60, a quick ratio of 3.85 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.