AJ Bell (LON:AJB) Price Target Raised to GBX 460 at Royal Bank Of Canada

Key Points

• Royal Bank of Canada has raised its target price for AJ Bell from GBX 440 to GBX 460, maintaining a "sector perform" rating.
• Citigroup upgraded shares of AJ Bell and set a lower target price of GBX 410 with a "sell" rating, while Shore Capital reaffirmed a "buy" rating with a target price of GBX 550.
• As of the latest trading, AJ Bell's stock is down slightly at GBX 529.45, with a market capitalization of £2.18 billion and a PE ratio of 27.08.

AJ Bell (LON:AJB - Get Free Report) had its target price lifted by research analysts at Royal Bank Of Canada from GBX 440 ($5.91) to GBX 460 ($6.18) in a research note issued to investors on Friday, MarketBeat Ratings reports. The firm currently has a "sector perform" rating on the stock. Royal Bank Of Canada's price target would indicate a potential downside of 13.12% from the company's current price.

Other research analysts have also recently issued research reports about the company. Citigroup upped their target price on AJ Bell from GBX 395 ($5.31) to GBX 410 ($5.51) and gave the company a "sell" rating in a research note on Thursday, July 10th. Shore Capital reaffirmed a "buy" rating and set a GBX 550 ($7.39) target price on shares of AJ Bell in a research note on Thursday.

AJ Bell Price Performance

LON:AJB opened at GBX 529.45 ($7.12) on Friday. The company has a current ratio of 3.63, a quick ratio of 7.16 and a debt-to-equity ratio of 6.46. The company has a market capitalization of £2.18 billion, a P/E ratio of 27.08, a P/E/G ratio of 5.73 and a beta of 0.99. AJ Bell has a 12 month low of GBX 355.20 ($4.77) and a 12 month high of GBX 558.50 ($7.51). The business's 50-day moving average is GBX 502.64 and its 200 day moving average is GBX 451.33.

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.