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

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

Wall Street Analysts Forecast Growth

STJ has been the subject of several analyst reports. Berenberg Bank restated a “buy” rating and issued a GBX 1,800 target price on shares of St. James’s Place in a report on Thursday, April 30th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,700 price target on shares of St. James’s Place in a report on Wednesday, April 29th. Royal Bank Of Canada reissued a “sector perform” rating and set a GBX 1,400 price target on shares of St. James’s Place in a research report on Thursday, April 30th. Citigroup dropped their price objective on shares of St. James’s Place from GBX 1,810 to GBX 1,790 and set a “buy” rating for the company in a report on Thursday, April 30th. Finally, Deutsche Bank Aktiengesellschaft cut 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 report on Wednesday, June 24th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 1,689.71.

St. James’s Place Price Performance

The stock’s 50-day simple moving average is GBX 1,196.22 and its 200 day simple moving average is GBX 1,291.68. The company has a quick ratio of 3.85, a current ratio of 3.80 and a debt-to-equity ratio of 36.73. The company has a market cap of £5.93 billion, a price-to-earnings ratio of 11.80, a PEG ratio of 1.10 and a beta of 1.02.

Insider Activity

In related news, insider Penny James purchased 8,418 shares of St. James’s Place stock in a transaction dated Monday, May 11th. The shares were acquired at an average cost of GBX 1,182 per share, with a total value of £99,500.76. Company insiders own 1.21% of the company’s stock.

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.