AJ Bell (LON:AJB) Sets New 52-Week High – What’s Next?

AJ Bell plc (LON:AJB)’s share price hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 651.34 and last traded at GBX 627, with a volume of 1867859 shares. The stock had previously closed at GBX 617.

Wall Street Analysts Forecast Growth

AJB has been the subject of several analyst reports. Citigroup upgraded shares of AJ Bell to a “neutral” rating and boosted their target price for the company from GBX 500 to GBX 520 in a research report on Friday, May 8th. UBS Group restated a “buy” rating and issued a GBX 630 target price on shares of AJ Bell in a research report on Monday, May 18th. Berenberg Bank boosted their target price on shares of AJ Bell from GBX 490 to GBX 560 and gave the company a “hold” rating in a research report on Friday, May 22nd. Royal Bank Of Canada boosted their target price on shares of AJ Bell from GBX 500 to GBX 510 and gave the company a “sector perform” rating in a research report on Friday, May 15th. Finally, Jefferies Financial Group restated a “buy” rating and issued a GBX 625 target price on shares of AJ Bell in a research report on Friday, May 15th. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of GBX 563.13.

AJ Bell Stock Down 0.2%

The firm’s 50-day moving average price is GBX 521.48 and its 200 day moving average price is GBX 483.59. The company has a market capitalization of £2.35 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 5.73 and a beta of 0.82. The company has a current ratio of 109.52, a quick ratio of 7.16 and a debt-to-equity ratio of 5.73.

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