St. James’s Place (LON:STJ) Hits New 12-Month Low – Here’s Why

St. James’s Place plc (LON:STJ)’s stock price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as GBX 1,038.50 and last traded at GBX 1,038.96, with a volume of 2867704 shares traded. The stock had previously closed at GBX 1,063.50.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on STJ. Jefferies Financial Group reissued a “buy” rating and issued a GBX 1,700 price objective on shares of St. James’s Place in a research note on Wednesday, July 29th. Citigroup decreased their price target on shares of St. James’s Place from GBX 1,830 to GBX 1,820 and set a “buy” rating for the company in a report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 2,050 price target on shares of St. James’s Place in a research report on Thursday, July 30th. Finally, Berenberg Bank boosted their price objective on St. James’s Place from GBX 1,800 to GBX 1,945 and gave the stock a “buy” rating in a research report on Friday, August 7th. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, St. James’s Place presently has an average rating of “Moderate Buy” and an average price target of GBX 1,721.86.

St. James’s Place Price Performance

The stock has a market cap of £5.22 billion, a price-to-earnings ratio of 9.79, a P/E/G ratio of 1.10 and a beta of 1.01. The company has a debt-to-equity ratio of 33.04, a current ratio of 0.39 and a quick ratio of 3.85. The stock’s 50 day simple moving average is GBX 1,127.09 and its two-hundred day simple moving average is GBX 1,176.69.

St. James’s Place (LON:STJ) last announced its quarterly earnings data on Wednesday, July 29th. The company reported GBX 43.30 earnings per share (EPS) for the quarter. St. James’s Place had a net margin of 1.25% and a return on equity of 37.02%. On average, analysts forecast that St. James’s Place plc will post 67.9947461 earnings per share for the current fiscal year.

Insider Activity

In other St. James’s Place news, insider Paul Manduca purchased 3,624 shares of the firm’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were acquired at an average cost of GBX 1,098 per share, for a total transaction of £39,791.52. Also, insider Evelyn Bourke purchased 2,374 shares of the company’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average cost of GBX 1,053 per share, with a total value of £24,998.22. Insiders have acquired 6,000 shares of company stock worth $6,481,224 over the last ninety days. Insiders own 1.22% 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.