AJ Bell (LON:AJB) Trading 1.5% Higher – Here’s What Happened

AJ Bell plc (LON:AJB)’s stock price shot up 1.5% during trading on Thursday . The stock traded as high as GBX 436.20 and last traded at GBX 433.80. 606,079 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 3,807,277 shares. The stock had previously closed at GBX 427.20.

Analyst Ratings Changes

AJB has been the topic of several research analyst reports. Berenberg Bank reaffirmed a “hold” rating and issued a GBX 490 price target on shares of AJ Bell in a report on Thursday, January 22nd. Deutsche Bank Aktiengesellschaft reduced their target price on AJ Bell from GBX 625 to GBX 570 and set a “buy” rating for the company in a research report on Friday, December 5th. Beaufort Securities reaffirmed a “hold” rating and issued a GBX 490 price target on shares of AJ Bell in a report on Friday, December 5th. Shore Capital Group reiterated a “buy” rating and set a GBX 600 price target on shares of AJ Bell in a research report on Thursday, January 22nd. Finally, UBS Group reissued a “neutral” rating and set a GBX 520 price objective on shares of AJ Bell in a report on Friday, January 16th. Three equities research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of GBX 528.75.

AJ Bell Stock Performance

The company has a debt-to-equity ratio of 6.46, a current ratio of 3.63 and a quick ratio of 7.16. The company has a 50 day simple moving average of GBX 445.65 and a 200-day simple moving average of GBX 493.01. The firm has a market cap of £1.73 billion, a PE ratio of 16.97, a price-to-earnings-growth ratio of 5.73 and a beta of 0.99.

Insider Activity

In other AJ Bell news, insider Peter Birch bought 4,000 shares of AJ Bell stock in a transaction that occurred on Thursday, December 4th. The shares were bought at an average price of GBX 490 per share, with a total value of £19,600. Company insiders own 24.01% 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.