St. James’s Place (LON:STJ) Reaches New 52-Week Low – What’s Next?

St. James’s Place plc (LON:STJ)’s stock price hit a new 52-week low during trading on Wednesday. The company traded as low as GBX 1,023.32 and last traded at GBX 1,034, with a volume of 2633760 shares. The stock had previously closed at GBX 1,038.50.

Analysts Set New Price Targets

Several research analysts recently issued reports on STJ shares. Citigroup lowered their target price on St. James’s Place from GBX 1,830 to GBX 1,820 and set a “buy” rating for the company in a research report on Wednesday, August 12th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 2,050 price target on shares of St. James’s Place in a research note on Thursday, July 30th. Berenberg Bank raised 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. Finally, Jefferies Financial Group reaffirmed 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. Five analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 1,721.86.

St. James’s Place Stock Performance

The company’s 50-day moving average price is GBX 1,123.61 and its two-hundred day moving average price is GBX 1,169.40. The company has a market capitalization of £5.10 billion, a price-to-earnings ratio of 9.71, a PEG 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.

St. James’s Place (LON:STJ) last released its earnings results 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, equities research analysts anticipate that St. James’s Place plc will post 67.9947461 EPS for the current fiscal year.

Insider Activity

In other St. James’s Place news, insider Paul Manduca acquired 3,624 shares of the company’s stock in a transaction dated Wednesday, September 23rd. The shares were bought at an average cost of GBX 1,098 per share, with a total value of £39,791.52. Also, insider Evelyn Bourke bought 2,374 shares of the business’s stock in a transaction that occurred on Friday, July 31st. The shares were acquired at an average price of GBX 1,053 per share, for a total transaction of £24,998.22. Over the last three months, insiders bought 6,000 shares of company stock valued at $6,481,224. Corporate 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.