St. James’s Place (LON:STJ) Hits New 52-Week Low – Time to Sell?

St. James’s Place plc (LON:STJ)’s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 1,052 and last traded at GBX 1,067, with a volume of 2922517 shares changing hands. The stock had previously closed at GBX 1,075.50.

Wall Street Analysts Forecast Growth

Several brokerages have commented on STJ. JPMorgan Chase & Co. decreased their price objective 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 report on Thursday, April 30th. Berenberg Bank reiterated 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. Deutsche Bank Aktiengesellschaft decreased their price target 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 restated a “sector perform” rating and issued a GBX 1,400 price objective on shares of St. James’s Place in a report on Thursday, April 30th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 1,700 price objective on shares of St. James’s Place in a research report on Wednesday, April 29th. Five analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 1,695.43.

St. James’s Place Stock Performance

The business has a fifty day simple moving average of GBX 1,183.66 and a 200-day simple moving average of GBX 1,276.72. 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 firm has a market cap of £5.40 billion, a P/E ratio of 10.74, a P/E/G ratio of 1.10 and a beta of 1.02.

Insider Activity at St. James’s Place

In other St. James’s Place news, insider Penny James bought 8,418 shares of St. James’s Place stock in a transaction dated Monday, May 11th. The shares were purchased 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.

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.