AJ Bell (LON:AJB) Hits New 1-Year High – What’s Next?

AJ Bell plc (LON:AJB)’s stock price reached a new 52-week high on Wednesday . The company traded as high as GBX 500.83 ($6.39) and last traded at GBX 496.54 ($6.34), with a volume of 933263 shares changing hands. The stock had previously closed at GBX 480 ($6.12).

Analyst Ratings Changes

Several research analysts recently commented on AJB shares. Jefferies Financial Group reiterated a “buy” rating and set a GBX 565 ($7.21) price objective on shares of AJ Bell in a research note on Friday. Shore Capital reaffirmed a “hold” rating on shares of AJ Bell in a research report on Friday.

AJ Bell Stock Performance

The company has a debt-to-equity ratio of 6.44, a current ratio of 3.75 and a quick ratio of 7.16. The firm has a market cap of £1.90 billion, a price-to-earnings ratio of 2,286.24, a P/E/G ratio of 5.73 and a beta of 0.99. The firm has a fifty day simple moving average of GBX 459.89 and a two-hundred day simple moving average of GBX 429.98.

AJ Bell Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, February 7th. Shareholders of record on Thursday, January 9th will be given a dividend of GBX 8.25 ($0.11) per share. This represents a yield of 1.66%. The ex-dividend date of this dividend is Thursday, January 9th. This is an increase from AJ Bell’s previous dividend of $4.25. AJ Bell’s payout ratio is currently 6,000.00%.

AJ Bell Company Profile

AJ Bell plc, through its subsidiaries, operates investment platforms in the United Kingdom. The company offers AJ Bell Investcentre, which offers advisers and clients service, easy-to-use functionality, and a comprehensive investment range at competitive prices; and AJ Bell, an investment platform. It also provides Touch by AJ Bell, an investment platform which help advisers to streamline their businesses with investment solutions delivered and managed digitally on their clients' smartphones; and Dodl by AJ Bell, an investment app.