AJ Bell (LON:AJB) Reaches New 1-Year High – Still a Buy?

AJ Bell plc (LON:AJB)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 651.34 and last traded at GBX 627, with a volume of 1867859 shares traded. The stock had previously closed at GBX 617.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on AJB. Royal Bank Of Canada boosted their price objective on AJ Bell from GBX 500 to GBX 510 and gave the stock a “sector perform” rating in a report on Friday, May 15th. Jefferies Financial Group restated a “buy” rating and set a GBX 625 price objective on shares of AJ Bell in a report on Friday, May 15th. Berenberg Bank boosted their price objective on AJ Bell from GBX 490 to GBX 560 and gave the stock a “hold” rating in a report on Friday, May 22nd. Shore Capital Group reissued a “hold” rating on shares of AJ Bell in a report on Friday, April 24th. Finally, Citigroup raised AJ Bell to a “neutral” rating and lifted their target price for the stock from GBX 500 to GBX 520 in a report on Friday, May 8th. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat, AJ Bell currently has a consensus rating of “Hold” and an average price target of GBX 563.13.

AJ Bell Stock Down 1.0%

The firm has a 50 day simple moving average of GBX 515.56 and a two-hundred day simple moving average of GBX 482.72. The company has a quick ratio of 7.16, a current ratio of 109.52 and a debt-to-equity ratio of 5.73. The stock has a market capitalization of £2.45 billion, a P/E ratio of 24.30, a PEG ratio of 5.73 and a beta of 0.82.

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