St. James's Place (LON:STJ) Sets New 1-Year Low - What's Next?

Key Points

• St. James’s Place shares hit a new 52-week low, falling to GBX 1,023.32 and last trading at GBX 1,034, below the GBX 1,038.50 previous close.
• Analysts remain broadly positive, with five Buy ratings and two Holds producing a “Moderate Buy” consensus and an average price target of GBX 1,721.86.
• Recent insider purchases totaled 6,000 shares, while the company reported quarterly EPS of GBX 43.30 and maintains a market capitalization of approximately £5.10 billion.

St. James's Place plc (LON:STJ - Get Free Report) shares hit a new 52-week low on Wednesday. The stock 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.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the company. Berenberg Bank raised their price objective on St. James's Place from GBX 1,800 to GBX 1,945 and gave the company a "buy" rating in a research note on Friday, August 7th. Citigroup lowered their target price on St. James's Place from GBX 1,830 to GBX 1,820 and set a "buy" rating on the stock in a report on Wednesday, August 12th. Jefferies Financial Group restated a "buy" rating and issued a GBX 1,700 price target on shares of St. James's Place in a research report on Wednesday, July 29th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 2,050 price target on shares of St. James's Place in a research note on Thursday, July 30th. Five investment 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.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of GBX 1,721.86.

St. James's Place Stock Down 0.3%

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 firm has a 50-day simple moving average of GBX 1,125.33 and a two-hundred day simple moving average of GBX 1,172.33. The company has a market cap of £5.10 billion, a PE ratio of 9.71, a P/E/G ratio of 1.10 and a beta of 1.01.

St. James's Place (LON:STJ - Get Free Report) last issued 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 return on equity of 37.02% and a net margin of 1.25%. Research analysts anticipate that St. James's Place plc will post 67.9947461 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Evelyn Bourke bought 2,374 shares of the firm's stock in a transaction that occurred on Friday, July 31st. The shares were purchased at an average price of GBX 1,053 per share, for a total transaction of £24,998.22. Also, insider Paul Manduca acquired 3,624 shares of the firm's stock in a transaction dated Wednesday, September 23rd. The shares were acquired at an average price of GBX 1,098 per share, for a total transaction of £39,791.52. Insiders purchased a total of 6,000 shares of company stock valued at $6,481,224 in the last three months. 1.22% of the stock is currently owned by corporate insiders.

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.

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