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

AJ Bell (LON:AJB)‘s stock had its “buy” rating restated by investment analysts at Shore Capital in a note issued to investors on Thursday, Digital Look reports.

Separately, Berenberg Bank reiterated a “hold” rating and issued a GBX 370 ($4.61) target price on shares of AJ Bell in a research note on Tuesday, January 23rd.

AJ Bell Price Performance

AJB stock opened at GBX 303 ($3.77) on Thursday. The company has a debt-to-equity ratio of 7.47, a quick ratio of 7.16 and a current ratio of 3.71. AJ Bell has a 1 year low of GBX 241.60 ($3.01) and a 1 year high of GBX 346.60 ($4.31). The firm has a market cap of £1.25 billion, a P/E ratio of 1,780.00, a price-to-earnings-growth ratio of 5.73 and a beta of 0.90. The stock has a 50-day simple moving average of GBX 305.78 and a 200-day simple moving average of GBX 293.30.

Insiders Place Their Bets

In other AJ Bell news, insider Peter Birch sold 17,000 shares of the stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of GBX 327 ($4.07), for a total transaction of £55,590 ($69,202.04). In related news, insider Peter Birch sold 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The stock was sold at an average price of GBX 327 ($4.07), for a total value of £55,590 ($69,202.04). Also, insider Simon Turner sold 27,267 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was sold at an average price of GBX 308 ($3.83), for a total value of £83,982.36 ($104,546.69). 33.23% of the stock is currently owned by company insiders.

About AJ Bell

AJ Bell plc, through its subsidiaries, operates investment platforms in the United Kingdom. The company offers AJ Bell Investcentre, which offers advisers and clients service, easy-to-use functionality, and a comprehensive investment range at competitive prices; and AJ Bell, an investment platform. It also provides Touch by AJ Bell, an investment platform which help advisers to streamline their businesses with investment solutions delivered and managed digitally on their clients' smartphones; and Dodl by AJ Bell, an investment app.