AJ Bell (LON:AJB) Price Target Raised to GBX 490

AJ Bell (LON:AJB – Get Rating) had its price target hoisted by analysts at Numis Securities from GBX 488 ($6.07) to GBX 490 ($6.09) in a report issued on Thursday, Marketbeat reports. The firm presently has a “buy” rating on the stock. Numis Securities’ price objective would indicate a potential upside of 54.38% from the company’s current price.

Other research analysts also recently issued reports about the stock. Barclays reiterated an “underweight” rating and set a GBX 310 ($3.86) price target on shares of AJ Bell in a report on Friday, April 21st. Shore Capital reissued a “buy” rating on shares of AJ Bell in a research note on Thursday. Finally, Berenberg Bank lifted their target price on shares of AJ Bell from GBX 300 ($3.73) to GBX 370 ($4.60) and gave the stock a “hold” rating in a research report on Friday, April 28th.

AJ Bell Stock Up 0.5 %

AJB stock opened at GBX 317.40 ($3.95) on Thursday. The firm has a 50-day moving average price of GBX 330.55 and a 200-day moving average price of GBX 343.10. AJ Bell has a 12 month low of GBX 243.80 ($3.03) and a 12 month high of GBX 404.07 ($5.03). The company has a current ratio of 7.55, a quick ratio of 7.16 and a debt-to-equity ratio of 10.47. The stock has a market capitalization of £1.31 billion, a P/E ratio of 2,645.00, a price-to-earnings-growth ratio of 5.73 and a beta of 0.92.

Insider Transactions at AJ Bell

In other news, insider Michael Thomas Summersgill sold 4,860 shares of the business’s stock in a transaction dated Thursday, April 6th. The stock was sold at an average price of GBX 329 ($4.09), for a total value of £15,989.40 ($19,887.31). 34.10% of the stock is currently owned by corporate insiders.

AJ Bell Company Profile

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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 them manage retail customers' portfolio; and AJ Bell, an investment platform proposition that include investment solutions through in-house funds, ready-made portfolios, and guidance through the AJ Bell funds list to execution-only retail customers, as well as cash savings solutions.