AJ Bell (LON:AJB) Price Target Raised to GBX 590

AJ Bell (LON:AJB) had its target price upped by Berenberg Bank from GBX 560 to GBX 590 in a research note released on Tuesday,Digital Look reports. Berenberg Bank currently has a hold rating on the stock.

A number of other equities research analysts have also recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of AJ Bell from GBX 600 to GBX 675 and gave the company a “buy” rating in a report on Tuesday, June 9th. 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 research report on Friday, May 15th. Shore Capital Group reaffirmed a “hold” rating on shares of AJ Bell in a research note on Friday, April 24th. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 625 price objective on shares of AJ Bell in a research report on Friday, May 15th. Finally, Citigroup lifted their target price on AJ Bell from GBX 5,200 to GBX 6,000 and gave the company a “neutral” rating in a research note on Thursday, June 11th. Three equities research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of GBX 1,265.

AJ Bell Price Performance

Shares of LON AJB opened at GBX 599 on Tuesday. The stock has a market cap of £2.37 billion, a P/E ratio of 19.75, a P/E/G ratio of 5.73 and a beta of 0.87. AJ Bell has a twelve month low of GBX 414.40 and a twelve month high of GBX 662.50. The stock has a 50 day moving average of GBX 608.70 and a two-hundred day moving average of GBX 523.03. The company has a current ratio of 109.52, a quick ratio of 7.16 and a debt-to-equity ratio of 5.73.

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