Berenberg Bank Raises AJ Bell (LON:AJB) Price Target to GBX 490

Key Points

• Berenberg Bank has raised its price target for AJ Bell from GBX 420 to GBX 490, while maintaining a "hold" rating, suggesting a potential downside of 5.89% from the current price.
• The consensus rating for AJ Bell among multiple analysts is currently "Hold" with an average price target of GBX 495.
• AJ Bell's shares opened at GBX 520.66, having experienced a range between a 1-year low of GBX 355.20 and a high of GBX 558.50.

AJ Bell (LON:AJB - Free Report) had its price target lifted by Berenberg Bank from GBX 420 ($5.57) to GBX 490 ($6.50) in a report published on Monday, Marketbeat reports. Berenberg Bank currently has a hold rating on the stock.

AJB has been the subject of a number of other reports. Royal Bank Of Canada raised their price target on AJ Bell from GBX 440 ($5.83) to GBX 460 ($6.10) and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Shore Capital reiterated a "buy" rating and issued a GBX 550 ($7.29) target price on shares of AJ Bell in a research note on Thursday, July 24th. Finally, Citigroup increased their target price on AJ Bell from GBX 395 ($5.24) to GBX 410 ($5.44) and gave the stock a "sell" rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, AJ Bell presently has an average rating of "Hold" and a consensus price target of GBX 495 ($6.56).

AJ Bell Trading Up 0.1%

AJB traded up GBX 0.50 ($0.01) during trading on Monday, reaching GBX 520 ($6.89). The company had a trading volume of 277,277 shares, compared to its average volume of 1,574,938. The stock has a market cap of £2.14 billion, a P/E ratio of 26.60, a PEG ratio of 5.73 and a beta of 0.99. The business has a 50 day simple moving average of GBX 505.29 and a 200-day simple moving average of GBX 453.50. AJ Bell has a 52 week low of GBX 355.20 ($4.71) and a 52 week high of GBX 558.50 ($7.41). The company has a quick ratio of 7.16, a current ratio of 3.63 and a debt-to-equity ratio of 6.46.

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.