AJ Bell (AJB)

Sector:

Financials

Index:

FTSE 250

311.50p
   
  • Change Today:
      2.00p
  • 52 Week High: 332.60p
  • 52 Week Low: 249.00p
  • Currency: UK Pounds
  • Shares Issued: 413.01m
  • Volume: 811,716
  • Market Cap: £1,286.53m

Jefferies cuts AJ Bell price target, retains 'buy' rating

By Michele Maatouk

Date: Friday 02 Jun 2023

LONDON (ShareCast) - (Sharecast News) - Jefferies slashed its price target on AJ Bell on Friday to 370p from 450p, keeping the rating at 'buy'.
"Our revenue margin estimates for H1 were close to accurate, although we do now increase the FY23 top line forecast somewhat," it said.

"However, our operating margin was too low given the NII contribution, so costs come down and we raise our FY23 profit before tax estimates 8%.

"The trajectory of earnings growth slows in our medium-term forecasts, bringing down our valuation to £3.70."

Still, the bank said AJ Bell justifies a premium rating versus peers, hence why it retained the buy rating.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

AJ Bell Market Data

Currency UK Pounds
Share Price 311.50p
Change Today 2.00p
% Change 0.65 %
52 Week High 332.60p
52 Week Low 249.00p
Volume 811,716
Shares Issued 413.01m
Market Cap £1,286.53m

AJ Bell Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.18% below the market average82.18% below the market average82.18% below the market average82.18% below the market average82.18% below the market average
79.44% below the sector average79.44% below the sector average79.44% below the sector average79.44% below the sector average79.44% below the sector average
Price Trend
51.66% above the market average51.66% above the market average51.66% above the market average51.66% above the market average51.66% above the market average
31.03% above the sector average31.03% above the sector average31.03% above the sector average31.03% above the sector average31.03% above the sector average
Income
1.38% above the market average1.38% above the market average1.38% above the market average1.38% above the market average1.38% above the market average
30.3% below the sector average30.3% below the sector average30.3% below the sector average30.3% below the sector average30.3% below the sector average
Growth
67.38% above the market average67.38% above the market average67.38% above the market average67.38% above the market average67.38% above the market average
74.07% above the sector average74.07% above the sector average74.07% above the sector average74.07% above the sector average74.07% above the sector average

AJ Bell Dividends

  Latest Previous
  Final Interim
Ex-Div 11-Jan-24 08-Jun-23
Paid 09-Feb-24 30-Jun-23
Amount 7.25p 3.50p

Trades for 26-Apr-2024

Time Volume / Share Price
16:39 15,000 @ 310.62p
16:35 233,429 @ 311.50p
16:35 2,362 @ 311.50p
16:35 3,938 @ 311.50p
16:35 1,101 @ 311.50p

AJ Bell Key Personnel

CEO Michael Thomas Summersgill
CFO Peter Birch

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