AJ Bell (LON:AJB) Hits New 1-Year High – Should You Buy?

Shares of AJ Bell plc (LON:AJB) hit a new 52-week high during trading on Thursday . The stock traded as high as GBX 608 and last traded at GBX 584.42, with a volume of 6724486 shares changing hands. The stock had previously closed at GBX 534.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 625 target price on shares of AJ Bell in a report on Friday, May 15th. Citigroup upgraded AJ Bell to a “neutral” rating and upped their target price for the company from GBX 500 to GBX 520 in a report on Friday, May 8th. UBS Group reiterated a “buy” rating and issued a GBX 630 target price on shares of AJ Bell in a report on Monday. Royal Bank Of Canada upped their target price on AJ Bell from GBX 500 to GBX 510 and gave the company a “sector perform” rating in a report on Friday, May 15th. Finally, Berenberg Bank reiterated a “hold” rating and issued a GBX 490 target price on shares of AJ Bell in a report on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat.com, AJ Bell has an average rating of “Hold” and a consensus price target of GBX 554.38.

AJ Bell Stock Performance

The stock’s 50 day simple moving average is GBX 499.89 and its two-hundred day simple moving average is GBX 480.22. The company has a market capitalization of £2.32 billion, a P/E ratio of 22.97, a P/E/G ratio of 5.73 and a beta of 0.82. The company has a debt-to-equity ratio of 5.55, a current ratio of 3.67 and a quick ratio of 7.16.

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.