AJ Bell (LON:AJB) Stock Price Expected to Rise, Citigroup Analyst Says

Key Points

• Citigroup analysts have raised their price target for AJ Bell from GBX 440 to GBX 475, despite maintaining a "sell" rating on the stock, indicating a potential downside of 10.55% from its previous close.
• Multiple analysts, including those from Royal Bank of Canada and Deutsche Bank, have different ratings and price targets for AJ Bell, with the average target set at GBX 539.29.
• Insider trading activity reveals that Peter Birch sold 37,924 shares, while Michael Thomas Summersgill purchased 85,000 shares, reflecting varying confidence among insiders.

AJ Bell (LON:AJB - Get Free Report) had its price objective upped by equities research analysts at Citigroup from GBX 440 to GBX 475 in a note issued to investors on Monday,Digital Look reports. The firm presently has a "sell" rating on the stock. Citigroup's price objective would suggest a potential downside of 10.55% from the company's previous close.

A number of other equities research analysts have also issued reports on the company. Royal Bank Of Canada boosted their target price on 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 reaffirmed a "buy" rating and set a GBX 550 price objective on shares of AJ Bell in a research note on Thursday, July 24th. Berenberg Bank raised their target price on shares of AJ Bell from GBX 420 to GBX 490 and gave the stock a "hold" rating in a report on Monday, July 28th. Deutsche Bank Aktiengesellschaft boosted their price target 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. Finally, UBS Group restated a "neutral" rating and issued a GBX 550 price target on shares of AJ Bell in a research report on Friday. Three equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of GBX 539.29.

AJ Bell Trading Up 0.5%

AJ Bell stock opened at GBX 531 on Monday. The firm has a market cap of £2.14 billion, a price-to-earnings ratio of 24.59, a price-to-earnings-growth ratio of 5.73 and a beta of 0.99. AJ Bell has a 1 year low of GBX 355.20 and a 1 year high of GBX 558.50. The firm's 50 day moving average price is GBX 519.14 and its two-hundred day moving average price is GBX 490.31. The company has a debt-to-equity ratio of 6.46, a quick ratio of 7.16 and a current ratio of 3.63.

Insider Activity at AJ Bell

In other news, insider Peter Birch sold 37,924 shares of the business's stock in a transaction on Tuesday, October 14th. The shares were sold at an average price of GBX 543, for a total transaction of £205,927.32. Also, insider Michael Thomas Summersgill acquired 85,000 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average price of GBX 513 per share, with a total value of £436,050. Company insiders own 23.79% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.