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

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on AJB shares. Royal Bank Of Canada lifted their target price on AJ Bell from GBX 500 to GBX 510 and gave the stock a “sector perform” rating in a report on Friday, May 15th. Berenberg Bank reissued a “hold” rating and set a GBX 490 target price on shares of AJ Bell in a report on Friday, April 24th. Jefferies Financial Group reissued a “buy” rating and set a GBX 625 target price on shares of AJ Bell in a report on Friday, May 15th. UBS Group reissued a “buy” rating and set a GBX 630 target price on shares of AJ Bell in a report on Monday. 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 research 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 has a consensus rating of “Hold” and a consensus target price of GBX 554.38.

AJ Bell Stock Performance

The company has a debt-to-equity ratio of 5.55, a current ratio of 3.67 and a quick ratio of 7.16. The stock has a 50-day simple moving average of GBX 499.89 and a 200-day simple moving average of GBX 480.22. The stock has a market cap of £2.32 billion, a P/E ratio of 22.97, a PEG ratio of 5.73 and a beta of 0.82.

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.