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

AJ Bell (LON:AJB) had its price objective increased by Citigroup from GBX 440 to GBX 475 in a report released on Monday, MarketBeat Ratings reports. They currently have a sell rating on the stock.

A number of other research firms have also recently issued reports on AJB. UBS Group reissued a “neutral” rating and issued a GBX 550 target price on shares of AJ Bell in a research note on Friday. Berenberg Bank boosted their target price on AJ Bell from GBX 420 to GBX 490 and gave the company a “hold” rating in a research note on Monday, July 28th. Deutsche Bank Aktiengesellschaft boosted their target price on AJ Bell from GBX 600 to GBX 625 and gave the company a “buy” rating in a research note on Friday, October 3rd. Royal Bank Of Canada boosted their target price on AJ Bell from GBX 440 to GBX 460 and gave the company a “sector perform” rating in a research note on Friday, July 25th. Finally, Shore Capital reissued a “buy” rating and issued a GBX 550 target price on shares of AJ Bell in a research note on Thursday, July 24th. Three equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of GBX 539.29.

AJ Bell Stock Up 0.5%

LON:AJB opened at GBX 531 on Monday. AJ Bell has a 1 year low of GBX 355.20 and a 1 year 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. The stock has a market cap of £2.14 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 5.73 and a beta of 0.99. The stock has a 50-day moving average price of GBX 519.38 and a two-hundred day moving average price of GBX 491.36.

Insider Transactions at AJ Bell

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