Deutsche Bank Aktiengesellschaft Issues Positive Forecast for AJ Bell (LON:AJB) Stock Price

AJ Bell (LON:AJB) had its target price raised by Deutsche Bank Aktiengesellschaft from GBX 600 to GBX 675 in a note issued to investors on Tuesday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 10.29% from the stock’s current price.

A number of other research analysts have also issued reports on the stock. Berenberg Bank boosted their target price on shares of AJ Bell from GBX 490 to GBX 560 and gave the company a “hold” rating in a research note on Friday, May 22nd. Shore Capital Group restated a “hold” rating on shares of AJ Bell in a research note on Friday, April 24th. Citigroup raised AJ Bell to a “neutral” rating and lifted their price target for the company from GBX 500 to GBX 520 in a report on Friday, May 8th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 625 price objective on shares of AJ Bell in a research report on Friday, May 15th. Finally, UBS Group restated a “buy” rating and issued a GBX 630 target price on shares of AJ Bell in a research report on Monday, May 18th. Three analysts have rated the stock with a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, AJ Bell presently has an average rating of “Hold” and an average target price of GBX 576.25.

AJ Bell Stock Performance

AJB traded up GBX 11 during trading on Tuesday, reaching GBX 612. 371,563 shares of the company were exchanged, compared to its average volume of 6,803,709. AJ Bell has a 52 week low of GBX 414.40 and a 52 week high of GBX 651.34. The company has a current ratio of 109.52, a quick ratio of 7.16 and a debt-to-equity ratio of 5.73. The firm has a 50 day moving average of GBX 543.12 and a 200 day moving average of GBX 487.90. The stock has a market cap of £2.42 billion, a P/E ratio of 20.18, a PEG ratio of 5.73 and a beta of 0.82.

AJ Bell (LON:AJB) last posted its earnings results on Thursday, May 21st. The company reported GBX 14.70 earnings per share (EPS) for the quarter. The company had revenue of £182.96 million for the quarter. AJ Bell had a return on equity of 57.35% and a net margin of 35.42%. On average, sell-side analysts forecast that AJ Bell will post 23.8118812 EPS for the current fiscal year.

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.