AJ Bell (LON:AJB) Trading 0.3% Higher - Still a Buy?

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.

Shares of AJ Bell plc (LON:AJB - Get Free Report) were up 0.3% on Monday . The company traded as high as GBX 512 ($6.95) and last traded at GBX 506 ($6.86). Approximately 394,414 shares were traded 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 ($6.84).

Analyst Ratings Changes

Several research analysts have commented on the stock. Royal Bank Of Canada lifted 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 note on Friday, July 25th. Berenberg Bank boosted 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. Shore Capital reiterated a "buy" rating and issued a GBX 550 target price on shares of AJ Bell in a research report on Thursday, July 24th. Finally, Citigroup upped their price objective on AJ Bell from GBX 410 to GBX 440 and gave the stock a "sell" rating in a research report on Wednesday, August 20th. Two equities research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of GBX 501.

AJ Bell Trading Down 0.5%

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 company has a 50 day moving average of GBX 517.50 and a 200 day moving average of GBX 470.49. The stock has a market capitalization of £2.08 billion, a price-to-earnings ratio of 2,373.78, a P/E/G ratio of 5.73 and a beta of 0.99.

Insider Buying and Selling

In other news, insider Michael Thomas Summersgill acquired 85,000 shares of AJ Bell stock in a transaction on Tuesday, August 19th. The stock was bought at an average price of GBX 513 per share, for a total transaction of £436,050. 23.69% of the stock is currently owned by company insiders.

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.