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

AJ Bell (LON:AJB) had its price objective hoisted by investment analysts at Berenberg Bank from GBX 560 to GBX 590 in a research note issued on Tuesday,Digital Look reports. The brokerage presently has a “hold” rating on the stock. Berenberg Bank’s price target suggests a potential downside of 0.67% from the stock’s current price.

Several other brokerages have also commented on AJB. Citigroup upped their price target 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. Shore Capital Group reissued a “hold” rating on shares of AJ Bell in a research report on Friday, April 24th. UBS Group restated a “buy” rating and issued a GBX 630 price objective on shares of AJ Bell in a report on Monday, May 18th. 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 research report on Tuesday, June 9th. Finally, Royal Bank Of Canada lifted their price target on shares of AJ Bell from GBX 500 to GBX 510 and gave the company a “sector perform” rating in a research report on Friday, May 15th. Three equities research analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, AJ Bell currently has an average rating of “Hold” and a consensus target price of GBX 1,265.

AJ Bell Trading Down 0.5%

AJB opened at GBX 594 on Tuesday. AJ Bell has a one year low of GBX 414.40 and a one year high of GBX 662.50. The stock has a market capitalization of £2.35 billion, a PE ratio of 19.58, a P/E/G ratio of 5.73 and a beta of 0.87. The business’s 50 day moving average price is GBX 605.64 and its 200 day moving average price is GBX 519.79. The company has a debt-to-equity ratio of 5.73, a quick ratio of 7.16 and a current ratio of 109.52.

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

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.