AJ Bell (LON:AJB) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Key Points

• AJ Bell has seen its price target raised from GBX 590 to GBX 625 by Jefferies Financial Group, indicating a potential upside of 18.48% from its previous close.
• Other analysts have also increased their target prices for AJ Bell, with a consensus rating of "Hold" and an average target price of GBX 534.29.
• Insider Michael Thomas Summersgill purchased 85,000 shares at an average price of GBX 513, showcasing confidence in the company's performance.

AJ Bell (LON:AJB - Get Free Report) had its price target increased by equities researchers at Jefferies Financial Group from GBX 590 to GBX 625 in a research report issued on Friday,Digital Look reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's price objective would indicate a potential upside of 18.48% from the stock's previous close.

Other equities research analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft boosted their target price on shares of AJ Bell from GBX 600 to GBX 625 and gave the stock a "buy" rating in a report on Friday, October 3rd. Berenberg Bank upped their price objective on shares of AJ Bell from GBX 420 to GBX 490 and gave the stock a "hold" rating in a report on Monday, July 28th. Citigroup increased their target price on shares of AJ Bell from GBX 410 to GBX 440 and gave the company a "sell" rating in a report on Wednesday, August 20th. Shore Capital restated a "buy" rating and set a GBX 550 price target on shares of AJ Bell in a research report on Thursday, July 24th. Finally, Royal Bank Of Canada increased their target price on shares of AJ Bell from GBX 440 to GBX 460 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, AJ Bell currently has a consensus rating of "Hold" and an average target price of GBX 534.29.

AJ Bell Price Performance

Shares of AJ Bell stock opened at GBX 527.50 on Friday. The company has a 50-day simple moving average of GBX 519.01 and a two-hundred day simple moving average of GBX 488.31. The stock has a market capitalization of £2.13 billion, a price-to-earnings ratio of 2,443.26, a price-to-earnings-growth ratio of 5.73 and a beta of 0.99. The company has a quick ratio of 7.16, a current ratio of 3.63 and a debt-to-equity ratio of 6.46. AJ Bell has a twelve month low of GBX 355.20 and a twelve month high of GBX 558.50.

Insider Activity

In other news, insider Michael Thomas Summersgill bought 85,000 shares of the business's stock in a transaction dated Tuesday, August 19th. The shares were purchased at an average price of GBX 513 per share, for a total transaction of £436,050. Corporate insiders own 23.79% 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.

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