AJ Bell (LON:AJB) Trading Up 2.7% – Here’s What Happened

AJ Bell plc (LON:AJB)’s share price traded up 2.7% during mid-day trading on Wednesday . The stock traded as high as GBX 632.50 and last traded at GBX 628. 764,935 shares changed hands during mid-day trading, a decline of 89% from the average session volume of 6,895,646 shares. The stock had previously closed at GBX 611.50.

Analyst Ratings Changes

Several analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft boosted their price objective on AJ Bell from GBX 600 to GBX 675 and gave the stock a “buy” rating in a report on Tuesday, June 9th. Berenberg Bank lifted their price target on shares of AJ Bell from GBX 490 to GBX 560 and gave the stock a “hold” rating in a research report on Friday, May 22nd. Citigroup boosted their price target on shares of AJ Bell from GBX 5,200 to GBX 6,000 and gave the stock a “neutral” rating in a research note on Thursday, June 11th. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 625 price objective on shares of AJ Bell in a research note on Friday, May 15th. Finally, Shore Capital Group reaffirmed a “hold” rating on shares of AJ Bell in a report on Friday, April 24th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of GBX 1,261.25.

AJ Bell Trading Up 2.7%

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 business has a 50 day simple moving average of GBX 576.02 and a 200-day simple moving average of GBX 499.32. The stock has a market capitalization of £2.48 billion, a price-to-earnings ratio of 20.71, a PEG ratio of 5.73 and a beta of 0.86.

AJ Bell (LON:AJB) last issued 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 net margin of 35.42% and a return on equity of 57.35%. The company had revenue of £182.96 million during the quarter. As a group, equities analysts expect that AJ Bell plc 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.