Citigroup Increases AJ Bell (LON:AJB) Price Target to GBX 500

AJ Bell (LON:AJB) had its target price boosted by research analysts at Citigroup from GBX 445 to GBX 500 in a research report issued on Friday, MarketBeat.com reports. The brokerage presently has a “sell” rating on the stock. Citigroup’s price objective points to a potential downside of 9.17% from the company’s previous close.

AJB has been the subject of several other research reports. Berenberg Bank reiterated a “hold” rating and issued a GBX 490 price objective on shares of AJ Bell in a research note on Thursday, January 22nd. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 625 price objective on shares of AJ Bell in a research note on Tuesday, April 14th. Shore Capital Group restated a “buy” rating and set a GBX 600 target price on shares of AJ Bell in a research note on Thursday, January 22nd. Finally, UBS Group restated a “neutral” rating and set a GBX 520 target price on shares of AJ Bell in a research note on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of GBX 531.88.

AJ Bell Stock Performance

Shares of AJB opened at GBX 550.50 on Friday. The stock has a 50-day simple moving average of GBX 460.31 and a 200-day simple moving average of GBX 482.59. The company has a debt-to-equity ratio of 5.55, a quick ratio of 7.16 and a current ratio of 3.67. The stock has a market capitalization of £2.18 billion, a PE ratio of 21.54, a PEG ratio of 5.73 and a beta of 0.80. AJ Bell has a 1 year low of GBX 404.80 and a 1 year high of GBX 578.50.

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.