AJ Bell (LON:AJB) Trading 0.2% Higher – Time to Buy?

AJ Bell plc (LON:AJB) shares shot up 0.2% on Monday . The stock traded as high as GBX 610.50 and last traded at GBX 597. Approximately 1,229,192 shares changed hands during mid-day trading, a decline of 80% from the average daily volume of 6,110,708 shares. The stock had previously closed at GBX 596.

Wall Street Analyst Weigh In

AJB has been the topic of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft increased their price objective on shares of AJ Bell from GBX 600 to GBX 675 and gave the stock a “buy” rating in a research report on Tuesday, June 9th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 625 target price on shares of AJ Bell in a research note on Friday, May 15th. UBS Group reiterated a “buy” rating and issued a GBX 630 price target on shares of AJ Bell in a report on Monday, May 18th. Citigroup raised their price target on AJ Bell from GBX 5,200 to GBX 6,000 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Finally, Berenberg Bank boosted their price objective on AJ Bell from GBX 560 to GBX 590 and gave the company a “hold” rating in a report on Tuesday. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to data from MarketBeat, AJ Bell currently has an average rating of “Hold” and a consensus price target of GBX 1,265.

AJ Bell Trading Up 0.2%

The stock has a market capitalization of £2.35 billion, a P/E ratio of 19.61, a P/E/G ratio of 5.73 and a beta of 0.87. The stock’s 50 day moving average price is GBX 607.73 and its 200-day moving average price is GBX 520.99. The company has a quick ratio of 7.16, a current ratio of 109.52 and a debt-to-equity ratio of 5.73.

AJ Bell (LON:AJB) last released its quarterly earnings results on Thursday, May 21st. The company reported GBX 14.70 EPS for the quarter. The firm had revenue of £182.96 million during the quarter. AJ Bell had a return on equity of 57.35% and a net margin of 35.42%. As a group, equities research analysts expect that AJ Bell plc will post 23.8118812 earnings per share for the current year.

About AJ Bell

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.