AJ Bell (LON:AJB) Trading Down 1.2% – What’s Next?

AJ Bell plc (LON:AJB) shares dropped 1.2% during trading on Tuesday . The company traded as low as GBX 572 and last traded at GBX 579.50. 25,263,021 shares traded hands during trading, an increase of 319% from the average daily volume of 6,035,639 shares. The stock had previously closed at GBX 586.50.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on AJ Bell from GBX 600 to GBX 675 and gave the company a “buy” rating in a research report on Tuesday, June 9th. Berenberg Bank raised their target price on shares of AJ Bell from GBX 560 to GBX 590 and gave the stock a “hold” rating in a report on Tuesday, July 28th. Citigroup lifted 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, UBS Group reissued a “buy” rating and set a GBX 630 target price on shares of AJ Bell in a research note on Monday, May 18th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to data from MarketBeat.com, AJ Bell presently has a consensus rating of “Hold” and an average price target of GBX 1,265.

AJ Bell Price Performance

The stock has a market capitalization of £2.28 billion, a P/E ratio of 19.11, a PEG ratio of 5.73 and a beta of 0.87. The stock’s fifty day moving average is GBX 603.34 and its 200-day moving average is GBX 559.57. 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 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.