AJ Bell (LON:AJB) Shares Up 2.2% – Still a Buy?

AJ Bell plc (LON:AJB) was up 2.2% during mid-day trading on Friday. The stock traded as high as GBX 595 and last traded at GBX 592.50. Approximately 437,026 shares were traded during mid-day trading, a decline of 92% from the average session volume of 5,416,930 shares. The stock had previously closed at GBX 579.50.

Analyst Ratings Changes

Several research firms have recently weighed in on AJB. Berenberg Bank raised their price objective on AJ Bell from GBX 560 to GBX 590 and gave the stock a “hold” rating in a research note on Tuesday, July 28th. Citigroup boosted their target price on AJ Bell from GBX 5,200 to GBX 6,000 and gave the stock a “neutral” rating in a research report on Thursday, June 11th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, AJ Bell presently has an average rating of “Hold” and an average target price of GBX 1,265.

AJ Bell Stock Performance

The firm’s fifty day simple moving average is GBX 596.29 and its 200 day simple moving average is GBX 576.38. The company has a market capitalization of £2.33 billion, a price-to-earnings ratio of 19.54, a PEG ratio of 5.73 and a beta of 0.87. The company has a debt-to-equity ratio of 5.73, a current ratio of 109.52 and a quick ratio of 7.16.

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.