AJ Bell (LON:AJB) Insider Michael Thomas Summersgill Acquires 85,000 Shares

Key Points

• Michael Thomas Summersgill, an insider at AJ Bell, purchased 85,000 shares for a total of £436,050 at an average price of GBX 513 per share on August 19th.
• AJ Bell's current market capitalization is £2.10 billion, with a P/E ratio of 26.01 and a twelve-month stock range between GBX 355.20 and GBX 558.50.
• Recent analyst ratings include a buy rating from Shore Capital with a target price of GBX 550, while Citigroup lowered their rating to sell with a target of GBX 410.

AJ Bell plc (LON:AJB - Get Free Report) insider Michael Thomas Summersgill bought 85,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 19th. The stock was acquired at an average cost of GBX 513 per share, with a total value of £436,050.

AJ Bell Stock Performance

Shares of AJB stock traded up GBX 4.50 during midday trading on Monday, hitting GBX 520. 253,817 shares of the company were exchanged, compared to its average volume of 1,451,653. The firm has a market capitalization of £2.14 billion, a P/E ratio of 26.60, a PEG ratio of 5.73 and a beta of 0.99. The company has a debt-to-equity ratio of 6.46, a quick ratio of 7.16 and a current ratio of 3.63. The firm's 50 day moving average price is GBX 515.06 and its two-hundred day moving average price is GBX 462.49. AJ Bell plc has a 52 week low of GBX 355.20 and a 52 week high of GBX 558.50.

Analysts Set New Price Targets

Several analysts have weighed in on AJB shares. Berenberg Bank lifted their price objective on shares of AJ Bell from GBX 420 to GBX 490 and gave the stock a "hold" rating in a research note on Monday, July 28th. Royal Bank Of Canada upped their price objective on shares of AJ Bell from GBX 440 to GBX 460 and gave the stock a "sector perform" rating in a research report on Friday, July 25th. Shore Capital reissued a "buy" rating and set a GBX 550 target price on shares of AJ Bell in a report on Thursday, July 24th. Finally, Citigroup upped their price objective on shares of AJ Bell from GBX 410 to GBX 440 and gave the company a "sell" rating in a research note on Wednesday, August 20th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of GBX 501.

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.