St. James’s Place (LON:STJ) Trading Down 7.7% – Time to Sell?

St. James’s Place plc (LON:STJ)’s stock price dropped 7.7% on Friday . The stock traded as low as GBX 1,139 and last traded at GBX 1,165.82. Approximately 5,685,180 shares were traded during mid-day trading, a decline of 77% from the average daily volume of 24,408,869 shares. The stock had previously closed at GBX 1,263.50.

Analyst Ratings Changes

Several analysts have commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of St. James’s Place from GBX 2,050 to GBX 2,000 and set a “buy” rating for the company in a research note on Wednesday, June 24th. Royal Bank Of Canada reiterated a “sector perform” rating and issued a GBX 1,400 price objective on shares of St. James’s Place in a research note on Thursday, April 30th. JPMorgan Chase & Co. decreased their target price on shares of St. James’s Place from GBX 1,686 to GBX 1,663 and set an “overweight” rating for the company in a research report on Thursday, April 30th. Citigroup lowered their price target on shares of St. James’s Place from GBX 1,810 to GBX 1,790 and set a “buy” rating on the stock in a report on Thursday, April 30th. Finally, Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,800 price target on shares of St. James’s Place in a research report on Thursday, April 30th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of GBX 1,689.71.

St. James’s Place Price Performance

The company has a market capitalization of £5.93 billion, a price-to-earnings ratio of 11.80, a P/E/G ratio of 1.10 and a beta of 1.02. The stock has a fifty day simple moving average of GBX 1,195.99 and a 200-day simple moving average of GBX 1,290.80. The company has a debt-to-equity ratio of 36.73, a current ratio of 3.80 and a quick ratio of 3.85.

Insider Buying and Selling at St. James’s Place

In other news, insider Penny James bought 8,418 shares of the business’s stock in a transaction dated Monday, May 11th. The stock was purchased at an average cost of GBX 1,182 per share, with a total value of £99,500.76. 1.21% of the stock is currently owned by company insiders.

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.