Shore Capital Reaffirms Buy Rating for AJ Bell (LON:AJB)

Key Points

• Shore Capital has reaffirmed a buy rating for AJ Bell (LON: AJB) with a price target of GBX 575, indicating a potential upside of 6.38% from its current price.
• AJ Bell's stock has seen various target price adjustments from other firms, with ratings ranging from buy to sell, reflecting mixed analyst opinions on the company's future performance.
• Insider transactions indicate confidence in AJ Bell, as insider Michael Thomas Summersgill purchased 85,000 shares, while insider Peter Birch sold 37,924 shares recently.

AJ Bell (LON:AJB - Get Free Report)'s stock had its "buy" rating reissued by equities research analysts at Shore Capital in a report issued on Thursday, MarketBeat reports. They currently have a GBX 575 price objective on the stock. Shore Capital's target price would indicate a potential upside of 6.38% from the stock's current price.

A number of other research firms have also weighed in on AJB. Citigroup upped their target price on shares of AJ Bell from GBX 440 to GBX 475 and gave the stock a "sell" rating in a report on Monday. Jefferies Financial Group upped their price target on shares of AJ Bell from GBX 590 to GBX 625 and gave the stock a "buy" rating in a report on Friday, October 17th. Berenberg Bank upped 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. UBS Group restated a "neutral" rating and issued a GBX 550 price objective on shares of AJ Bell in a research report on Friday, October 17th. Finally, Royal Bank Of Canada upped 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 report on Friday, July 25th. Three investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, AJ Bell presently has a consensus rating of "Hold" and a consensus price target of GBX 542.86.

AJ Bell Stock Performance

Shares of LON AJB traded down GBX 15 during midday trading on Thursday, hitting GBX 540.50. The company's stock had a trading volume of 1,023,007 shares, compared to its average volume of 1,446,598. The stock has a fifty day moving average price of GBX 520.52 and a 200 day moving average price of GBX 492.13. AJ Bell has a one year low of GBX 355.20 and a one year high of GBX 562. The company has a current ratio of 3.63, a quick ratio of 7.16 and a debt-to-equity ratio of 6.46. The firm has a market capitalization of £2.18 billion, a price-to-earnings ratio of 25.03, a P/E/G ratio of 5.73 and a beta of 0.99.

Insiders Place Their Bets

In other AJ Bell news, insider Michael Thomas Summersgill acquired 85,000 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were acquired at an average price of GBX 513 per share, with a total value of £436,050. Also, insider Peter Birch sold 37,924 shares of the business's stock in a transaction that occurred on Tuesday, October 14th. The stock was sold at an average price of GBX 543, for a total value of £205,927.32. Insiders own 23.79% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.