Shore Capital Reiterates Buy Rating for AJ Bell (LON:AJB)

Shore Capital restated their buy rating on shares of AJ Bell (LON:AJB) in a research note issued to investors on Thursday, Marketbeat Ratings reports.

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

AJ Bell Stock Up 0.3 %

Shares of LON:AJB opened at GBX 301 ($3.75) on Thursday. The business’s 50 day simple moving average is GBX 305 and its two-hundred day simple moving average is GBX 294.03. The firm has a market cap of £1.24 billion, a P/E ratio of 1,770.59, a PEG ratio of 5.73 and a beta of 0.90. 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 52-week low of GBX 241.60 ($3.01) and a 52-week high of GBX 346.60 ($4.31).

AJ Bell Increases Dividend

The company also recently declared a dividend, which was paid on Friday, February 9th. Shareholders of record on Thursday, January 11th were issued a GBX 7.25 ($0.09) dividend. The ex-dividend date was Thursday, January 11th. This represents a yield of 2.81%. This is a positive change from AJ Bell’s previous dividend of $3.50. AJ Bell’s dividend payout ratio is presently 6,470.59%.

Insider Activity

In other 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). In other news, 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). Also, insider Peter Birch sold 17,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of GBX 327 ($4.07), for a total value of £55,590 ($69,202.04). Corporate insiders own 33.23% of the company’s stock.

AJ Bell Company Profile

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.