AJ Bell plc (LON:AJB) Receives Average Rating of "Hold" from Brokerages

Key Points

• A consensus rating of "Hold" has been assigned to AJ Bell plc by six brokerages, with one sell rating, two hold ratings, and three buy ratings.
• The average 1-year price objective among brokers covering AJ Bell is GBX 521.67, with Deutsche Bank and Shore Capital projecting higher targets of GBX 625 and GBX 550 respectively.
• Insider Michael Thomas Summersgill acquired 85,000 shares of AJ Bell, indicating confidence in the company's performance as 23.69% of the stock is owned by insiders.

Shares of AJ Bell plc (LON:AJB - Get Free Report) have been assigned a consensus rating of "Hold" from the six brokerages that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating on the company. The average 1-year price objective among brokers that have covered the stock in the last year is GBX 521.67.

A number of research firms recently commented on AJB. Deutsche Bank Aktiengesellschaft upped their price objective on AJ Bell from GBX 600 to GBX 625 and gave the company a "buy" rating in a research report on Friday. Shore Capital reiterated a "buy" rating and set a GBX 550 price objective on shares of AJ Bell in a research report on Thursday, July 24th. Royal Bank Of Canada upped their price objective on AJ Bell from GBX 440 to GBX 460 and gave the company a "sector perform" rating in a research report on Friday, July 25th. Citigroup upped their price objective on AJ Bell from GBX 410 to GBX 440 and gave the company a "sell" rating in a research report on Wednesday, August 20th. Finally, Berenberg Bank upped their price objective on AJ Bell from GBX 420 to GBX 490 and gave the company a "hold" rating in a research report on Monday, July 28th.

Insider Buying and Selling at AJ Bell

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

AJ Bell Stock Up 4.3%

Shares of LON:AJB opened at GBX 531.95 on Friday. The stock has a fifty day simple moving average of GBX 515.59 and a two-hundred day simple moving average of GBX 479.56. The stock has a market capitalization of £2.16 billion, a price-to-earnings ratio of 2,463.85, a PEG ratio of 5.73 and a beta of 0.99. AJ Bell has a 12-month low of GBX 355.20 and a 12-month high of GBX 558.50. The company has a current ratio of 3.63, a quick ratio of 7.16 and a debt-to-equity ratio of 6.46.

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.

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