AJ Bell (LON:AJB) Shares Cross Below 50-Day Moving Average – Should You Sell?

AJ Bell plc (LON:AJB) shares passed below its 50 day moving average during trading on Tuesday. The stock has a 50 day moving average of GBX 590.35 and traded as low as GBX 584.50. AJ Bell shares last traded at GBX 588.50, with a volume of 587,672 shares.

Analyst Upgrades and Downgrades

Several research firms have commented on AJB. Jefferies Financial Group restated a “buy” rating and issued a GBX 700 price objective on shares of AJ Bell in a research report on Thursday, October 22nd. Berenberg Bank cut their target price on shares of AJ Bell from GBX 590 to GBX 580 and set a “hold” rating for the company in a report on Friday, October 23rd. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 700 target price on shares of AJ Bell in a research note on Friday, October 23rd. Three investment analysts have rated the stock with a Buy rating and five have given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of GBX 1,276.25.

AJ Bell Stock Up 1.0%

The business has a fifty day simple moving average of GBX 590.35 and a 200 day simple moving average of GBX 547.41. The firm has a market cap of £2.34 billion, a price-to-earnings ratio of 19.60, a PEG ratio of 5.73 and a beta of 0.87. The company has a debt-to-equity ratio of 5.73, a current ratio of 109.52 and a quick ratio of 7.16.

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.