AJ Bell (LON:AJB) Given Buy Rating at Jefferies Financial Group

Jefferies Financial Group reaffirmed their buy rating on shares of AJ Bell (LON:AJB) in a report published on Friday morning, MarketBeat reports. The firm currently has a GBX 565 ($7.20) price objective on the stock.

Separately, Shore Capital restated a “hold” rating on shares of AJ Bell in a research report on Friday.

AJ Bell Stock Down 4.5 %

Shares of AJB stock opened at GBX 460.50 ($5.87) on Friday. The company has a market capitalization of £1.90 billion, a price-to-earnings ratio of 2,302.50, a PEG ratio of 5.73 and a beta of 0.99. 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 company’s fifty day moving average price is GBX 460.02 and its 200-day moving average price is GBX 430.66. AJ Bell has a one year low of GBX 258.60 ($3.30) and a one year high of GBX 529 ($6.74).

AJ Bell Increases Dividend

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