AJ Bell (LON:AJB) Reaches New 52-Week High – Here’s Why

AJ Bell plc (LON:AJB) shares reached a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 500 ($6.53) and last traded at GBX 467.50 ($6.10), with a volume of 172184 shares changing hands. The stock had previously closed at GBX 481 ($6.28).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lifted their price objective on shares of AJ Bell from GBX 370 ($4.83) to GBX 410 ($5.35) and gave the company a “hold” rating in a research note on Thursday, July 18th.

AJ Bell Trading Down 0.7 %

The stock has a market cap of £1.97 billion, a price-to-earnings ratio of 2,405.00, a P/E/G ratio of 5.73 and a beta of 0.99. The business’s fifty day simple moving average is GBX 443.45 and its 200 day simple moving average is GBX 394.42. The company has a debt-to-equity ratio of 6.44, a current ratio of 3.75 and a quick ratio of 7.16.

Insider Activity

In other news, insider Julie Chakraverty purchased 17,385 shares of AJ Bell stock in a transaction dated Friday, July 26th. The stock was bought at an average price of GBX 431 ($5.63) per share, with a total value of £74,929.35 ($97,844.54). In related news, insider Julie Chakraverty acquired 17,385 shares of AJ Bell stock in a transaction that occurred on Friday, July 26th. The stock was acquired at an average price of GBX 431 ($5.63) per share, with a total value of £74,929.35 ($97,844.54). Also, insider Fiona Clutterbuck acquired 4,425 shares of AJ Bell stock in a transaction that occurred on Wednesday, August 21st. The stock was bought at an average cost of GBX 450 ($5.88) per share, with a total value of £19,912.50 ($26,002.22). Over the last quarter, insiders bought 21,913 shares of company stock valued at $9,529,291. 29.60% 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.