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

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

Analyst Ratings Changes

STJ has been the subject of several analyst reports. Citigroup increased their target price on shares of St. James’s Place from GBX 1,790 to GBX 1,830 and gave the company a “buy” rating in a report on Tuesday, July 14th. Deutsche Bank Aktiengesellschaft reduced 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. 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 research note on Thursday, April 30th. Berenberg Bank reissued a “buy” rating and set a GBX 1,800 target price on shares of St. James’s Place in a research report on Thursday, April 30th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 1,700 target price on shares of St. James’s Place in a research note on Wednesday, April 29th. Five research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, St. James’s Place currently has a consensus rating of “Moderate Buy” and an average target price of GBX 1,695.43.

St. James’s Place Price Performance

The stock has a market cap of £5.49 billion, a P/E ratio of 10.92, a P/E/G ratio of 1.10 and a beta of 1.02. The business has a 50 day simple moving average of GBX 1,179.76 and a 200-day simple moving average of GBX 1,272.02. The company has a debt-to-equity ratio of 36.73, a quick ratio of 3.85 and a current ratio of 3.80.

Insiders Place Their Bets

In related news, insider Penny James acquired 8,418 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was acquired at an average price of GBX 1,182 per share, for a total transaction of £99,500.76. 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.