AJ Bell (LON:AJB) Trading 1% Higher – Still a Buy?

AJ Bell plc (LON:AJB)’s stock price was up 1% during trading on Thursday . The company traded as high as GBX 607.70 and last traded at GBX 603. 14,116,185 shares were traded during mid-day trading, an increase of 127% from the average daily volume of 6,228,917 shares. The stock had previously closed at GBX 597.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on AJB. Royal Bank Of Canada upped their price objective 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. Deutsche Bank Aktiengesellschaft lifted their target price 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. 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 report on Thursday, June 11th. Berenberg Bank increased their price target on AJ Bell from GBX 560 to GBX 590 and gave the stock a “hold” rating in a research report on Tuesday, July 28th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 625 price target on shares of AJ Bell in a report on Friday, May 15th. Three investment analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. Based on data from MarketBeat.com, AJ Bell currently has an average rating of “Hold” and a consensus price target of GBX 1,265.

AJ Bell Trading Up 1.0%

The company’s 50-day moving average is GBX 605.55 and its 200-day moving average is GBX 538.85. The firm has a market cap of £2.38 billion, a price-to-earnings ratio of 19.88, a P/E/G ratio of 5.73 and a beta of 0.87. The company has a debt-to-equity ratio of 5.73, a quick ratio of 7.16 and a current ratio of 109.52.

AJ Bell (LON:AJB) last issued its quarterly earnings data on Thursday, May 21st. The company reported GBX 14.70 EPS for the quarter. The firm had revenue of £182.96 million for the quarter. AJ Bell had a net margin of 35.42% and a return on equity of 57.35%. On average, research analysts predict that AJ Bell plc will post 23.8118812 earnings per share for the current year.

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.