AJ Bell (LON:AJB) Hits New 1-Year High - Here's What Happened

AJ Bell plc (LON:AJB - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 520 ($7.10) and last traded at GBX 502.73 ($6.86), with a volume of 641389 shares trading hands. The stock had previously closed at GBX 515 ($7.03).

Wall Street Analysts Forecast Growth

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

AJ Bell Trading Up 2.4%

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 £2.12 billion, a PE ratio of 26.34, a P/E/G ratio of 5.73 and a beta of 0.99. The company's 50-day moving average is GBX 475.45 and its 200 day moving average is GBX 443.48.

Insider Transactions at AJ Bell

In other news, insider Leslie Michael Platts sold 9,494 shares of the firm's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of GBX 419 ($5.72), for a total value of £39,779.86 ($54,306.98). 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.