AJ Bell (LON:AJB) Reaches New 1-Year High – Here’s Why

AJ Bell plc (LON:AJB) shares hit a new 52-week high on Friday . The company traded as high as GBX 662.50 and last traded at GBX 641, with a volume of 198969 shares changing hands. The stock had previously closed at GBX 631.

Analysts Set New Price Targets

AJB has been the topic of a number of research analyst reports. Berenberg Bank upped their target price on shares of AJ Bell from GBX 490 to GBX 560 and gave the stock a “hold” rating in a research note on Friday, May 22nd. UBS Group reaffirmed a “buy” rating and set a GBX 630 price target on shares of AJ Bell in a research note on Monday, May 18th. Royal Bank Of Canada boosted their price target on AJ Bell from GBX 500 to GBX 510 and gave the company a “sector perform” rating in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft increased their price objective on AJ Bell from GBX 600 to GBX 675 and gave the stock a “buy” rating in a research note on Tuesday, June 9th. Finally, Citigroup raised their price objective on AJ Bell from GBX 5,200 to GBX 6,000 and gave the stock a “neutral” rating in a report on Thursday, June 11th. Three research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat, AJ Bell presently has an average rating of “Hold” and a consensus price target of GBX 1,261.25.

AJ Bell Price Performance

The firm has a fifty day moving average of GBX 577.59 and a two-hundred day moving average of GBX 500.53. The stock has a market capitalization of £2.54 billion, a P/E ratio of 21.20, a P/E/G ratio of 5.73 and a beta of 0.86. The company has a debt-to-equity ratio of 5.73, a current ratio of 109.52 and a quick ratio of 7.16.

AJ Bell (LON:AJB) last posted its earnings results on Thursday, May 21st. The company reported GBX 14.70 EPS for the quarter. AJ Bell had a net margin of 35.42% and a return on equity of 57.35%. The business had revenue of £182.96 million for the quarter. On average, analysts predict that AJ Bell plc will post 23.8118812 EPS for the current year.

AJ Bell Company Profile

Established in 1995, AJ Bell is one of the largest investment platforms in the UK, operating at scale in both the advised and direct-to-consumer markets.

Our purpose is to help people invest by providing them with easy access to Pensions, ISAs and General investment accounts, great customer service and competitive charges.

Our two core platform propositions are AJ Bell in the D2C market and AJ Bell Investcentre in the advised market, which both provide access to a broad investment range including shares and other instruments traded on the major stock exchanges around the world, as well as all mainstream collective investments available in the UK and our own range of AJ Bell funds.