AJ Bell (LON:AJB) Price Target Raised to GBX 625

Key Points

• Deutsche Bank Aktiengesellschaft has raised AJ Bell's target price from GBX 600 to GBX 625, indicating a potential upside of 17.56% from its previous close, while maintaining a "buy" rating.
• Several other brokerages have also reviewed AJ Bell, with three analysts giving a "buy" rating, two a "hold" rating, and one a "sell" rating, resulting in a consensus price target of GBX 521.67.
• In a recent insider transaction, Michael Thomas Summersgill acquired 85,000 shares of AJ Bell's stock at an average price of GBX 513, reflecting confidence in the company's prospects.

AJ Bell (LON:AJB - Get Free Report) had its target price upped by equities researchers at Deutsche Bank Aktiengesellschaft from GBX 600 to GBX 625 in a research report issued to clients and investors on Friday,London Stock Exchange reports. The firm currently has a "buy" rating on the stock. Deutsche Bank Aktiengesellschaft's target price indicates a potential upside of 17.56% from the stock's previous close.

Several other brokerages have also issued reports on AJB. Shore Capital reaffirmed a "buy" rating and set a GBX 550 target price on shares of AJ Bell in a research report on Thursday, July 24th. Berenberg Bank increased their price objective on AJ Bell from GBX 420 to GBX 490 and gave the company a "hold" rating in a report on Monday, July 28th. Royal Bank Of Canada increased their price objective on AJ Bell from GBX 440 to GBX 460 and gave the company a "sector perform" rating in a report on Friday, July 25th. Finally, Citigroup increased their price objective on AJ Bell from GBX 410 to GBX 440 and gave the company a "sell" rating in a report on Wednesday, August 20th. Three analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of GBX 521.67.

AJ Bell Trading Up 4.2%

Shares of LON AJB opened at GBX 531.64 on Friday. The company has a debt-to-equity ratio of 6.46, a current ratio of 3.63 and a quick ratio of 7.16. The stock has a market capitalization of £2.15 billion, a P/E ratio of 2,462.45, a price-to-earnings-growth ratio of 5.73 and a beta of 0.99. AJ Bell has a 1-year low of GBX 355.20 and a 1-year high of GBX 558.50. The business has a fifty day moving average price of GBX 515.59 and a 200 day moving average price of GBX 479.56.

Insider Transactions at AJ Bell

In other news, insider Michael Thomas Summersgill bought 85,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were acquired at an average price of GBX 513 per share, for a total transaction of £436,050. Corporate insiders own 23.69% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.