AJ Bell (LON:AJB) Reaches New 52-Week High – Time to Buy?

AJ Bell plc (LON:AJB) hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 549 ($7.37) and last traded at GBX 529 ($7.10), with a volume of 85880 shares trading hands. The stock had previously closed at GBX 524.50 ($7.04).

Wall Street Analyst Weigh In

A number of research analysts have recently commented on AJB shares. Citigroup upped their price target on AJ Bell from GBX 395 ($5.30) to GBX 410 ($5.50) and gave the company a “sell” rating in a research report on Thursday, July 10th. Shore Capital reaffirmed a “buy” rating on shares of AJ Bell in a research report on Thursday, April 24th.

AJ Bell Price Performance

The business has a fifty day moving average of GBX 486.89 and a 200-day moving average of GBX 445.89. The firm has a market cap of £2.19 billion, a PE ratio of 27.18, a PEG ratio of 5.73 and a beta of 0.99. The company has a current ratio of 3.63, a quick ratio of 7.16 and a debt-to-equity ratio of 6.46.

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.