Jefferies Financial Group Reiterates “Buy” Rating for AJ Bell (LON:AJB)

Jefferies Financial Group reaffirmed their buy rating on shares of AJ Bell (LON:AJB) in a report released on Friday, Marketbeat reports. The brokerage currently has a GBX 565 ($7.20) price target on the stock.

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

AJ Bell Trading Down 4.5 %

AJB opened at GBX 460.54 ($5.87) on Friday. The company has a debt-to-equity ratio of 6.44, a quick ratio of 7.16 and a current ratio of 3.75. The stock’s 50 day moving average price is GBX 460.02 and its 200-day moving average price is GBX 431.61. AJ Bell has a one year low of GBX 258.60 ($3.30) and a one year high of GBX 529 ($6.74). The stock has a market cap of £1.90 billion, a price-to-earnings ratio of 2,302.50, a P/E/G ratio of 5.73 and a beta of 0.99.

AJ Bell Increases Dividend

The company 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. The ex-dividend date of this dividend is Thursday, January 9th. This is a positive change from AJ Bell’s previous dividend of $4.25. This represents a yield of 1.66%. AJ Bell’s payout ratio is 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.