AJ Bell (LON:AJB) Price Target Raised to GBX 625

AJ Bell (LON:AJB) had its price target upped by Deutsche Bank Aktiengesellschaft from GBX 600 to GBX 625 in a research note published on Friday,London Stock Exchange reports. They currently have a buy rating on the stock.

A number of other brokerages have also issued reports on AJB. Royal Bank Of Canada boosted their price target on shares of AJ Bell from GBX 440 to GBX 460 and gave the stock a “sector perform” rating in a research note on Friday, July 25th. Shore Capital reiterated a “buy” rating and set a GBX 550 price target on shares of AJ Bell in a research note on Thursday, July 24th. Citigroup boosted their price target on shares of AJ Bell from GBX 410 to GBX 440 and gave the stock a “sell” rating in a research note on Wednesday, August 20th. Finally, Berenberg Bank boosted their price target on shares of AJ Bell from GBX 420 to GBX 490 and gave the stock a “hold” rating in a research note on Monday, July 28th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of GBX 521.67.

AJ Bell Trading Up 5.9%

Shares of AJ Bell stock opened at GBX 540 on Friday. AJ Bell has a 52-week low of GBX 355.20 and a 52-week high of GBX 558.50. The company has a quick ratio of 7.16, a current ratio of 3.63 and a debt-to-equity ratio of 6.46. The company’s 50-day simple moving average is GBX 515.80 and its 200-day simple moving average is GBX 481.33. The firm has a market cap of £2.18 billion, a price-to-earnings ratio of 2,501.16, a price-to-earnings-growth ratio of 5.73 and a beta of 0.99.

Insiders Place Their Bets

In related news, insider Michael Thomas Summersgill bought 85,000 shares of the stock in a transaction on Tuesday, August 19th. The shares were bought at an average cost of GBX 513 per share, for a total transaction of £436,050. Insiders own 23.79% of the company’s stock.

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.