AJ Bell (LON:AJB) Price Target Raised to GBX 410

AJ Bell (LON:AJB - Get Free Report) had its price target upped by analysts at Citigroup from GBX 395 ($5.37) to GBX 410 ($5.57) in a research note issued to investors on Thursday,London Stock Exchange reports. The brokerage currently has a "sell" rating on the stock. Citigroup's price target points to a potential downside of 20.65% from the stock's current price.

Separately, Shore Capital reaffirmed a "buy" rating on shares of AJ Bell in a research note on Thursday, April 24th.

AJ Bell Stock Performance

LON:AJB opened at GBX 516.69 ($7.02) on Thursday. 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 50-day moving average price of GBX 483.30 and a two-hundred day moving average price of GBX 445.10. AJ Bell has a twelve month low of GBX 355.20 ($4.83) and a twelve month high of GBX 545 ($7.41). The company has a market capitalization of £2.13 billion, a P/E ratio of 26.43, a price-to-earnings-growth ratio of 5.73 and a beta of 0.99.

Insiders Place Their Bets

In other news, insider Leslie Michael Platts sold 9,494 shares of AJ Bell stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of GBX 419 ($5.69), for a total transaction of £39,779.86 ($54,063.41). 29.60% of the stock is currently owned by company insiders.

About AJ Bell

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.

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