AJ Bell (LON:AJB) Reaches New 1-Year High – Here’s Why

Shares of AJ Bell plc (LON:AJB) reached a new 52-week high on Friday . The stock traded as high as GBX 662.50 and last traded at GBX 641, with a volume of 198969 shares. The stock had previously closed at GBX 631.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AJB shares. Deutsche Bank Aktiengesellschaft raised their price objective 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 price objective on AJ Bell from GBX 490 to GBX 560 and gave the company a “hold” rating in a research note on Friday, May 22nd. Shore Capital Group reiterated a “hold” rating on shares of AJ Bell in a report on Friday, April 24th. Royal Bank Of Canada boosted their target price 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. Finally, Citigroup increased their price target on AJ Bell from GBX 5,200 to GBX 6,000 and gave the company a “neutral” rating in a report on Thursday, June 11th. Three analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of GBX 1,261.25.

AJ Bell Stock Performance

The company has a debt-to-equity ratio of 5.73, a current ratio of 109.52 and a quick ratio of 7.16. The firm has a fifty day moving average price of GBX 577.59 and a two-hundred day moving average price of GBX 500.53. The stock has a market capitalization of £2.54 billion, a PE ratio of 21.20, a P/E/G ratio of 5.73 and a beta of 0.86.

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