AJ Bell (LON:AJB) Share Price Breaks Above Fifty Day Moving Average Following Analyst Downgrade

Key Points

• AJ Bell shares rose 1%, reaching GBX 610.50 and closing at GBX 593, above the 50-day moving average of GBX 592.62.
• Analyst sentiment remains mixed: Berenberg raised its target to GBX 590 but kept a hold rating, while Deutsche Bank set the highest cited target at GBX 675 with a buy rating. Overall, MarketBeat reports three Buy ratings and five Holds.
• AJ Bell has a market capitalization of approximately £2.33 billion, a P/E ratio of 19.55, and a 200-day moving average of GBX 543.29.

AJ Bell plc (LON:AJB - Get Free Report) crossed above its 50 day moving average during trading on Monday after Berenberg Bank raised their price target on the stock from GBX 560 to GBX 590. The stock has a 50 day moving average of GBX 592.62 and traded as high as GBX 610.50. Berenberg Bank currently has a hold rating on the stock. AJ Bell shares last traded at GBX 593, with a volume of 36,221,254 shares.

Other research analysts have also issued reports about the company. Royal Bank Of Canada raised their target price on AJ Bell from GBX 500 to GBX 510 and gave the stock a "sector perform" rating in a research report on Friday, May 15th. UBS Group reissued a "buy" rating and set a GBX 630 target price on shares of AJ Bell in a research note on Monday, May 18th. Deutsche Bank Aktiengesellschaft raised their price objective on AJ Bell from GBX 600 to GBX 675 and gave the company a "buy" rating in a research note on Tuesday, June 9th. Jefferies Financial Group reiterated a "buy" rating and set a GBX 625 price objective on shares of AJ Bell in a report on Friday, May 15th. Finally, Citigroup upped their price target on AJ Bell from GBX 5,200 to GBX 6,000 and gave the stock a "neutral" rating in a report on Thursday, June 11th. Three research analysts have rated the stock with a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of GBX 1,276.25.

AJ Bell Stock Up 1.0%

The firm has a market cap of £2.33 billion, a P/E ratio of 19.55, a price-to-earnings-growth ratio of 5.73 and a beta of 0.87. The stock's fifty day moving average is GBX 592.62 and its two-hundred day moving average is GBX 543.29. The company has a current ratio of 109.52, a quick ratio of 7.16 and a debt-to-equity ratio of 5.73.

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.

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