AJ Bell (LON:AJB) Price Target Raised to GBX 440

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 boosted by Citigroup from GBX 410 to GBX 440 in a report released on Wednesday, MarketBeat.com reports. The brokerage currently has a sell rating on the stock.

A number of other equities research analysts have also weighed in on AJB. Royal Bank Of Canada lifted their target price 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. Berenberg Bank lifted their target price 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, Shore Capital reaffirmed a "buy" rating and issued a GBX 550 price objective on shares of AJ Bell in a research note on Thursday, July 24th. Two analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, AJ Bell has a consensus rating of "Hold" and an average target price of GBX 501.

AJ Bell Trading Up 0.9%

Shares of LON:AJB traded up GBX 4.50 during trading on Wednesday, reaching GBX 520. 253,817 shares of the company were exchanged, compared to its average volume of 1,451,653. The firm has a market capitalization of £2.14 billion, a PE ratio of 26.60, a P/E/G ratio of 5.73 and a beta of 0.99. The business's fifty day simple moving average is GBX 515.06 and its 200-day simple moving average is GBX 462.49. AJ Bell has a 12-month low of GBX 355.20 and a 12-month high of GBX 558.50. The company has a debt-to-equity ratio of 6.46, a current ratio of 3.63 and a quick ratio of 7.16.

Insider Transactions at AJ Bell

In other AJ Bell news, insider Michael Thomas Summersgill bought 85,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were purchased at an average cost of GBX 513 per share, for a total transaction of £436,050. Corporate insiders own 29.60% 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.