AJ Bell plc (LON:AJB) Given Consensus Rating of “Hold” by Analysts

Shares of AJ Bell plc (LON:AJB – Get Rating) have received a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, two have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is GBX 377 ($4.62).

Several brokerages have issued reports on AJB. Barclays reaffirmed an “underweight” rating and issued a GBX 320 ($3.92) target price on shares of AJ Bell in a report on Monday, May 23rd. Shore Capital reaffirmed a “buy” rating on shares of AJ Bell in a report on Thursday, May 26th. Royal Bank of Canada reiterated a “sector perform” rating and issued a GBX 405 ($4.96) price target on shares of AJ Bell in a research note on Thursday, March 24th. Finally, Berenberg Bank reduced their price target on shares of AJ Bell from GBX 400 ($4.90) to GBX 300 ($3.67) and set a “hold” rating for the company in a research note on Monday, April 25th.

In other AJ Bell news, insider Evelyn Bourke bought 52,297 shares of the business’s stock in a transaction that occurred on Tuesday, May 31st. The stock was bought at an average cost of GBX 287 ($3.52) per share, for a total transaction of £150,092.39 ($183,846.63). Also, insider Michael Thomas Summersgill sold 22,268 shares of the business’s stock in a transaction that occurred on Thursday, May 26th. The shares were sold at an average price of GBX 261 ($3.20), for a total transaction of £58,119.48 ($71,189.96). Insiders bought 52,403 shares of company stock valued at $15,039,306 over the last quarter.

Shares of AJ Bell stock opened at GBX 270.20 ($3.31) on Thursday. The company has a debt-to-equity ratio of 12.70, a quick ratio of 7.75 and a current ratio of 7.75. The stock has a market capitalization of £1.11 billion and a PE ratio of 28.34. AJ Bell has a 52-week low of GBX 242.80 ($2.97) and a 52-week high of GBX 447.40 ($5.48). The company has a 50-day simple moving average of GBX 269.71 and a two-hundred day simple moving average of GBX 311.98.

The business also recently declared a dividend, which will be paid on Friday, July 1st. Stockholders of record on Thursday, June 9th will be paid a GBX 2.78 ($0.03) dividend. The ex-dividend date is Thursday, June 9th. This represents a dividend yield of 1.09%. AJ Bell’s dividend payout ratio is presently 0.73%.

About AJ Bell (Get Rating)

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 Youinvest, 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.

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