AJ Bell (LON:AJB) Shares Down 1.2% – Here’s Why

AJ Bell plc (LON:AJB)’s share price dropped 1.2% during mid-day trading on Tuesday . The company traded as low as GBX 499.40 and last traded at GBX 504.50. Approximately 1,690,069 shares traded hands during mid-day trading, an increase of 23% from the average daily volume of 1,376,992 shares. The stock had previously closed at GBX 510.50.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AJB shares. Deutsche Bank Aktiengesellschaft boosted their price target on shares of AJ Bell from GBX 600 to GBX 625 and gave the stock a “buy” rating in a report on Friday, October 3rd. Berenberg Bank boosted their target price on shares of AJ Bell from GBX 420 to GBX 490 and gave the stock a “hold” rating in a research note on Monday, July 28th. Royal Bank Of Canada upped their price target on shares of AJ Bell from GBX 440 to GBX 460 and gave the stock a “sector perform” rating in a research report on Friday, July 25th. Shore Capital reaffirmed a “buy” rating and issued a GBX 575 price target on shares of AJ Bell in a research note on Thursday, October 23rd. Finally, UBS Group reiterated a “neutral” rating and set a GBX 550 price objective on shares of AJ Bell in a research note on Friday, October 17th. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of GBX 542.86.

AJ Bell Price Performance

The stock’s 50-day moving average price is GBX 530.68 and its 200 day moving average price is GBX 511.50. The company has a quick ratio of 7.16, a current ratio of 3.63 and a debt-to-equity ratio of 6.46. The firm has a market capitalization of £2.03 billion, a price-to-earnings ratio of 23.37, a PEG ratio of 5.73 and a beta of 0.99.

Insider Buying and Selling

In other AJ Bell news, insider Peter Birch sold 37,924 shares of the firm’s stock in a transaction that occurred on Tuesday, October 14th. The shares were sold at an average price of GBX 543, for a total value of £205,927.32. Insiders own 23.87% of the company’s stock.

AJ Bell Company Profile

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.