AJ Bell (LON:AJB) Trading Up 4.4% - Here's What Happened

Key Points

• Shares of AJ Bell plc rose by 4.4% during mid-day trading, closing at GBX 541.54 ($7.28), despite a decline in trading volume.
• Investment analysts have mixed ratings on AJ Bell's stock, with two analysts rating it as a Buy, two as Hold, and one as Sell, and an average price target of GBX 501.
• Insider Michael Thomas Summersgill purchased 85,000 shares at an average cost of GBX 513, signaling confidence in the company's prospects.

Shares of AJ Bell plc (LON:AJB - Get Free Report) were up 4.4% during mid-day trading on Tuesday . The company traded as high as GBX 541.54 ($7.28) and last traded at GBX 541.54 ($7.28). Approximately 938,280 shares traded hands during mid-day trading, a decline of 36% from the average daily volume of 1,455,195 shares. The stock had previously closed at GBX 518.50 ($6.97).

Analyst Upgrades and Downgrades

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

AJ Bell Trading Up 4.4%

The firm has a fifty day moving average of GBX 515.94 and a two-hundred day moving average of GBX 478.65. The company has a market cap of £2.19 billion, a PE ratio of 2,508.30, a price-to-earnings-growth ratio of 5.73 and a beta of 0.99. The company has a current ratio of 3.63, a quick ratio of 7.16 and a debt-to-equity ratio of 6.46.

Insider Activity at AJ Bell

In other AJ Bell news, insider Michael Thomas Summersgill acquired 85,000 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was bought at an average cost of GBX 513 per share, with a total value of £436,050. Insiders own 23.69% of the company's stock.

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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