AJ Bell (LON:AJB) Trading Up 0.3% - Here's What Happened

Key Points

• AJ Bell's stock increased by 0.3%, last trading at GBX 506 ($6.85), with a total of 394,414 shares exchanged, significantly lower than its average volume.
• Analysts have mixed ratings for AJ Bell, with a consensus rating of "Hold" and an average target price of GBX 501.
• Insider Michael Thomas Summersgill purchased 85,000 shares at an average cost of GBX 513, highlighting ongoing insider confidence in the company.

AJ Bell plc (LON:AJB - Get Free Report)'s stock price was up 0.3% during mid-day trading on Monday . The company traded as high as GBX 512 ($6.94) and last traded at GBX 506 ($6.85). Approximately 394,414 shares traded hands during mid-day trading, a decline of 73% from the average daily volume of 1,467,397 shares. The stock had previously closed at GBX 504.50 ($6.83).

Analyst Ratings Changes

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

AJ Bell Trading Up 0.3%

The stock has a market capitalization of £2.05 billion, a PE ratio of 2,343.68, a P/E/G ratio of 5.73 and a beta of 0.99. The firm has a 50 day moving average price of GBX 517.70 and a 200 day moving average price of GBX 468.33. The company has a quick ratio of 7.16, a current ratio of 3.63 and a debt-to-equity ratio of 6.46.

Insider Activity at AJ Bell

In related news, insider Michael Thomas Summersgill acquired 85,000 shares of the stock in a transaction dated Tuesday, August 19th. The stock was purchased at an average cost of GBX 513 per share, with a total value of £436,050. 23.69% 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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