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

Shares of AJ Bell plc (LON:AJB) reached a new 52-week high on Wednesday . The company traded as high as GBX 651.34 and last traded at GBX 627, with a volume of 1867859 shares trading hands. The stock had previously closed at GBX 617.

Analyst Ratings Changes

A number of research analysts have commented on AJB shares. Berenberg Bank increased their price objective on AJ Bell from GBX 490 to GBX 560 and gave the company a “hold” rating in a research report on Friday, May 22nd. Royal Bank Of Canada increased their price objective 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. UBS Group reiterated a “buy” rating and issued a GBX 630 price objective on shares of AJ Bell in a research report on Monday, May 18th. Citigroup upgraded AJ Bell to a “neutral” rating and increased their price objective for the company from GBX 500 to GBX 520 in a research report on Friday, May 8th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a GBX 625 price objective on shares of AJ Bell in a research report on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. Based on data from MarketBeat, AJ Bell presently has a consensus rating of “Hold” and a consensus target price of GBX 563.13.

AJ Bell Price Performance

The firm has a market cap of £2.45 billion, a price-to-earnings ratio of 24.30, a P/E/G ratio of 5.73 and a beta of 0.82. The company has a current ratio of 109.52, a quick ratio of 7.16 and a debt-to-equity ratio of 5.73. The company has a 50 day moving average of GBX 515.56 and a 200 day moving average of GBX 482.72.

AJ Bell (LON:AJB) last released its quarterly earnings results 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 firm had revenue of £182.96 million for the quarter. Equities research analysts predict that AJ Bell plc will post 23.8118812 EPS for the current fiscal 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.