AJ Bell (LON:AJB) Share Price Crosses Above 50 Day Moving Average on Analyst Downgrade

AJ Bell plc (LON:AJB)’s share price crossed above its 50-day moving average during trading on Monday after Berenberg Bank raised their price target on the stock from GBX 560 to GBX 590. The stock has a 50-day moving average of GBX 592.62 and traded as high as GBX 610.50. Berenberg Bank currently has a hold rating on the stock. AJ Bell shares last traded at GBX 593, with a volume of 36,221,254 shares changing hands.

Several other analysts also recently weighed in on AJB. Royal Bank Of Canada boosted their price target on shares of AJ Bell from GBX 500 to GBX 510 and gave the stock a “sector perform” rating in a research note on Friday, May 15th. UBS Group reiterated a “buy” rating and issued a GBX 630 price objective on shares of AJ Bell in a report on Monday, May 18th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 625 price objective on shares of AJ Bell in a research report on Friday, May 15th. Shore Capital Group reissued a “hold” rating on shares of AJ Bell in a research note on Friday, April 24th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on AJ Bell from GBX 600 to GBX 675 and gave the company a “buy” rating in a report on Tuesday, June 9th. Three equities research analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of GBX 1,276.25.

AJ Bell Stock Performance

The company has a market capitalization of £2.33 billion, a PE ratio of 19.55, a PEG ratio of 5.73 and a beta of 0.87. The company has a 50 day moving average of GBX 592.62 and a two-hundred day moving average of GBX 543.29. 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.