AJ Bell (LON:AJB) Stock Price Breaks Below 50 Day Moving Average - What's Next?

Key Points

• AJ Bell shares fell below their 50-day moving average of GBX 590.35, touching GBX 584.50 and last trading at GBX 588.50.
• Analyst views are mixed: three rate the stock Buy and five Hold. Berenberg cut its target to GBX 580, while Jefferies and Deutsche Bank maintained Buy ratings with GBX 700 targets.
• MarketBeat reports an overall Hold consensus; the article lists a consensus price target of GBX 1,276.25.

AJ Bell plc (LON:AJB - Get Free Report)'s stock price passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 590.35 and traded as low as GBX 584.50. AJ Bell shares last traded at GBX 588.50, with a volume of 587,672 shares changing hands.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Berenberg Bank decreased their price objective on AJ Bell from GBX 590 to GBX 580 and set a "hold" rating for the company in a research note on Friday, October 23rd. Jefferies Financial Group reiterated a "buy" rating and issued a GBX 700 target price on shares of AJ Bell in a research note on Thursday, October 22nd. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a GBX 700 target price on shares of AJ Bell in a report on Friday, October 23rd. Three research analysts have rated the stock with a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, AJ Bell currently has an average rating of "Hold" and a consensus target price of GBX 1,276.25.

AJ Bell Trading Up 1.0%

The company has a 50 day moving average of GBX 590.35 and a two-hundred day moving average of GBX 547.41. The company has a debt-to-equity ratio of 5.73, a quick ratio of 7.16 and a current ratio of 109.52. The stock has a market capitalization of £2.34 billion, a PE ratio of 19.60, a P/E/G ratio of 5.73 and a beta of 0.87.

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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