AJ Bell (LON:AJB) Stock Price Expected to Rise, Citigroup Analyst Says

AJ Bell (LON:AJB) had its price target increased by analysts at Citigroup from GBX 395 ($5.33) to GBX 410 ($5.53) in a research note issued to investors on Thursday, MarketBeat reports. The firm presently has a “sell” rating on the stock. Citigroup’s price target points to a potential downside of 21.53% from the stock’s current price.

Separately, Shore Capital reissued a “buy” rating on shares of AJ Bell in a report on Thursday, April 24th.

AJ Bell Price Performance

AJB stock opened at GBX 522.50 ($7.05) on Thursday. The firm has a 50 day moving average of GBX 486.89 and a 200-day moving average of GBX 446. The firm has a market capitalization of £2.16 billion, a P/E ratio of 26.72, a price-to-earnings-growth ratio of 5.73 and a beta of 0.99. AJ Bell has a 12 month low of GBX 355.20 ($4.79) and a 12 month high of GBX 545 ($7.35). 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

In other AJ Bell news, insider Leslie Michael Platts sold 9,494 shares of AJ Bell stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of GBX 419 ($5.65), for a total transaction of £39,779.86 ($53,662.30). 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.