Citigroup Issues Positive Forecast for AJ Bell (LON:AJB) Stock Price

Key Points

• Citigroup has raised its price target for AJ Bell from GBX 410 to GBX 440, maintaining a "sell" rating, indicating a potential downside of 13.64% from the current stock price.
• Other analysts have different outlooks, with Berenberg Bank and Royal Bank of Canada setting higher targets of GBX 490 and GBX 460 respectively, while Shore Capital has a price target of GBX 550 with a "buy" rating.
• Recently, insider Michael Thomas Summersgill purchased 85,000 shares of AJ Bell at an average price of GBX 513, demonstrating confidence in the company's future despite mixed analyst ratings.

AJ Bell (LON:AJB - Free Report) had its price target hoisted by Citigroup from GBX 410 to GBX 440 in a report published on Wednesday morning, MarketBeat Ratings reports. They currently have a sell rating on the stock.

Other equities analysts have also issued reports about the company. Shore Capital reiterated a "buy" rating and issued a GBX 550 target price on shares of AJ Bell in a research note on Thursday, July 24th. Berenberg Bank boosted their price target on AJ Bell from GBX 420 to GBX 490 and gave the company a "hold" rating in a research report on Monday, July 28th. Finally, Royal Bank Of Canada boosted their price target 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. 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 company. Based on data from MarketBeat.com, AJ Bell has a consensus rating of "Hold" and a consensus price target of GBX 501.

AJ Bell Price Performance

Shares of LON AJB traded up GBX 4.50 during trading on Wednesday, reaching GBX 520. The company had a trading volume of 253,817 shares, compared to its average volume of 1,451,653. AJ Bell has a twelve month low of GBX 355.20 and a twelve month high of GBX 558.50. The stock has a market capitalization of £2.14 billion, a PE ratio of 26.60, a price-to-earnings-growth ratio of 5.73 and a beta of 0.99. The stock has a 50-day moving average price of GBX 515.06 and a two-hundred day moving average price of GBX 462.37. 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 Buying and Selling at AJ Bell

In related news, insider Michael Thomas Summersgill bought 85,000 shares of the firm's stock in a transaction dated Tuesday, August 19th. The stock was bought at an average price of GBX 513 per share, with a total value of £436,050. 29.60% of the stock is owned by 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.