Shore Capital Reaffirms Buy Rating for AJ Bell (LON:AJB)

AJ Bell (LON:AJB)‘s stock had its “buy” rating reaffirmed by Shore Capital in a note issued to investors on Friday,Digital Look reports. They currently have a GBX 600 price target on the stock. Shore Capital’s price target points to a potential upside of 21.85% from the company’s current price.

AJB has been the topic of a number of other reports. Jefferies Financial Group boosted their price target on shares of AJ Bell from GBX 590 to GBX 625 and gave the company a “buy” rating in a research note on Friday, October 17th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of AJ Bell from GBX 600 to GBX 625 and gave the company a “buy” rating in a report on Friday, October 3rd. UBS Group reissued a “neutral” rating and issued a GBX 550 target price on shares of AJ Bell in a research report on Friday, October 17th. Citigroup raised their price target on AJ Bell from GBX 440 to GBX 475 and gave the stock a “sell” rating in a research report on Monday, October 20th. Finally, Beaufort Securities reaffirmed a “hold” rating and issued a GBX 490 price objective on shares of AJ Bell in a research note on Friday. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of GBX 532.50.

AJ Bell Trading Up 1.7%

AJB traded up GBX 8 on Friday, hitting GBX 492.40. The company had a trading volume of 1,740,172 shares, compared to its average volume of 1,352,216. The company’s fifty day moving average price is GBX 532.15 and its 200 day moving average price is GBX 516.57. AJ Bell has a 1 year low of GBX 355.20 and a 1 year high of GBX 578.50. The company has a current ratio of 3.63, a quick ratio of 7.16 and a debt-to-equity ratio of 6.46. The firm has a market cap of £1.98 billion, a P/E ratio of 22.81, a PEG ratio of 5.73 and a beta of 0.99.

Insider Transactions at AJ Bell

In related news, insider Peter Birch sold 37,924 shares of AJ Bell stock in a transaction on Tuesday, October 14th. The stock was sold at an average price of GBX 543, for a total value of £205,927.32. Company insiders own 23.87% of the company’s stock.

AJ Bell Company Profile

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.