AJ Bell (AJB) ‘underweight’ rating reaffirmed at Barclays


AJ Bell (LON:AJB)The stock had its “underweight” rating reiterated by Barclays in a research report released Monday to clients and investors, reports Digital Look. They currently have a target price of GBX 370 ($5.03) on the stock. Barclays’ price target indicates a potential upside of 21.87% from the company’s previous close.

A number of other stock analysts have also commented on the company. Royal Bank of Canada lowered its price target on AJ Bell from GBX 445 ($6.05) to GBX 435 ($5.92) and set an “industry performance” rating for the company in a memo. research from Tuesday, November 23. Liberum Capital reissued a “sell” note and set a price target of 325 GBX ($4.42) on AJ Bell shares in a Tuesday, December 7 research note. Berenberg Bank lowered its price target on AJ Bell from GBX 420 ($5.71) to GBX 400 ($5.44) and set a “hold” rating for the company in a Tuesday, Dec. 7 research note . Finally, Shore Capital reaffirmed a “buy” rating on AJ Bell shares in a Monday, Jan. 17, research note. Two investment analysts have assigned a sell rating to the stock, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of GBX 413 ($5.62).

Shares of AJ Bell opened at 303.60 GBX ($4.13) on Monday. The company’s 50-day moving average price is 351.92 GBX. AJ Bell has a 12-month low of 255.20 GBX ($3.47) and a 12-month high of 474.80 GBX ($6.46). The company has a market cap of £1.25 billion and a price to earnings ratio of 28.37. The company has a debt ratio of 11.93, a quick ratio of 7.88 and a current ratio of 8.22.

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In other AJ Bell news, insider Roger Stott sold 10,419 shares of the company in a trade on Thursday, Dec. 9. The stock was sold at an average price of 380 GBX ($5.17), for a total transaction of £39,592.20 ($53,844.96). Additionally, insider Andrew James Bell purchased 263,051 shares of the company in a trade on Thursday, December 2. The shares were purchased at an average cost of 378 GBX ($5.14) per share, for a total transaction of £994,332.78 ($1,352,281.76). Insiders acquired a total of 263,178 shares of the company worth $99,478,440 over the past 90 days.

AJ Bell Company Profile

AJ Bell plc, through its subsidiaries, operates investment platforms in the United Kingdom. The company offers AJ Bell Investcentre, which provides a suite of products, services, investment solutions and online tools for regulated financial advisers and wealth managers to help manage the portfolio of retail clients; and AJ Bell Youinvest, which includes providing exclusive investment content and investment solutions through in-house funds, ready-to-use portfolios and selected funds for execution-only retail clients.

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