AJ Bell (LON:AJB) Trading 2.7% Higher – Still a Buy?

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

Wall Street Analyst Weigh In

AJB has been the subject of several recent research reports. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 625 price target on shares of AJ Bell in a report on Friday, May 15th. UBS Group restated a “buy” rating and issued a GBX 630 target price on shares of AJ Bell in a research note on Monday, May 18th. Shore Capital Group reiterated a “hold” rating on shares of AJ Bell in a research note on Friday, April 24th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of AJ Bell from GBX 600 to GBX 675 and gave the company a “buy” rating in a research note on Tuesday, June 9th. Finally, Berenberg Bank increased 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. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of GBX 1,261.25.

AJ Bell Stock Up 2.7%

The stock has a market capitalization of £2.48 billion, a P/E ratio of 20.71, a P/E/G ratio of 5.73 and a beta of 0.86. The company has a current ratio of 109.52, a quick ratio of 7.16 and a debt-to-equity ratio of 5.73. The firm’s fifty day moving average is GBX 576.02 and its 200-day moving average is GBX 499.32.

AJ Bell (LON:AJB) last released its quarterly earnings results on Thursday, May 21st. The company reported GBX 14.70 EPS for the quarter. The business had revenue of £182.96 million for 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 predict that AJ Bell plc will post 23.8118812 earnings per share 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.