AJ Bell (LON:AJB) Given New GBX 560 Price Target at Berenberg Bank

AJ Bell (LON:AJB) had its price objective upped by equities research analysts at Berenberg Bank from GBX 490 to GBX 560 in a research report issued to clients and investors on Friday,London Stock Exchange reports. The firm currently has a “hold” rating on the stock. Berenberg Bank’s target price indicates a potential downside of 11.11% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the stock. Citigroup raised shares of AJ Bell to a “neutral” rating and lifted their price target for the stock from GBX 500 to GBX 520 in a research report on Friday, May 8th. Jefferies Financial Group reaffirmed 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 reaffirmed a “hold” rating on shares of AJ Bell in a research report on Friday, April 24th. UBS Group restated a “buy” rating and set a GBX 630 price objective on shares of AJ Bell in a research note on Monday. Finally, Royal Bank Of Canada increased 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. Three investment analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of GBX 563.13.

AJ Bell Trading Up 2.9%

Shares of LON AJB opened at GBX 630 on Friday. The company’s fifty day moving average is GBX 503.43 and its 200-day moving average is GBX 480.75. The stock has a market cap of £2.49 billion, a price-to-earnings ratio of 24.65, a P/E/G ratio of 5.73 and a beta of 0.82. AJ Bell has a twelve month low of GBX 414.40 and a twelve month high of GBX 635. The company has a quick ratio of 7.16, a current ratio of 3.67 and a debt-to-equity ratio of 5.55.

AJ Bell (LON:AJB) last announced its quarterly earnings results on Thursday, May 21st. The company reported GBX 14.70 earnings per share for the quarter. The company had revenue of £182.96 million for the quarter. AJ Bell had a net margin of 33.07% and a return on equity of 50.49%. Equities research analysts predict that AJ Bell will post 23.8118812 EPS 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.