Berenberg Bank Issues Pessimistic Forecast for AJ Bell (LON:AJB) Stock Price

Key Points

• Berenberg Bank cut AJ Bell’s target price from GBX 590 to GBX 580 and maintained a “Hold” rating, implying 1.53% downside from the current price.
• Jefferies reaffirmed a “Buy” rating with a GBX 700 target. Overall, analysts are split between three Buy ratings and five Hold ratings, producing a consensus rating of “Hold.”
• AJ Bell shares fell 1.4% and opened at GBX 589, while trading between a 52-week range of GBX 414.40 and GBX 662.50.

AJ Bell (LON:AJB - Get Free Report) had its target price dropped by investment analysts at Berenberg Bank from GBX 590 to GBX 580 in a research note issued on Friday, London Stock Exchange reports. The firm currently has a "hold" rating on the stock. Berenberg Bank's target price suggests a potential downside of 1.53% from the stock's current price.

Separately, Jefferies Financial Group restated a "buy" rating and set a GBX 700 target price on shares of AJ Bell in a research report on Thursday. Three analysts have rated the stock with a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average price target of GBX 1,273.12.

AJ Bell Stock Down 1.4%

LON AJB opened at GBX 589 on Friday. AJ Bell has a 1-year low of GBX 414.40 and a 1-year high of GBX 662.50. The company has a market capitalization of £2.32 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 5.73 and a beta of 0.87. The stock's 50 day moving average is GBX 593.46 and its two-hundred day moving average is GBX 584.87. 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 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 reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.