Analysts Set AJ Bell plc (LON:AJB) PT at GBX 377

Shares of AJ Bell plc (LON:AJB – Get Rating) have earned an average recommendation of “Hold” from the six ratings firms that are covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, two have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is GBX 377 ($4.62).

Several equities analysts recently commented on AJB shares. Barclays reaffirmed an “underweight” rating and set a GBX 320 ($3.92) target price on shares of AJ Bell in a report on Monday, May 23rd. Royal Bank of Canada reissued a “sector perform” rating and issued a GBX 405 ($4.96) price target on shares of AJ Bell in a report on Thursday, March 24th. Berenberg Bank cut their price target on shares of AJ Bell from GBX 400 ($4.90) to GBX 300 ($3.67) and set a “hold” rating on the stock in a report on Monday, April 25th. Finally, Shore Capital reissued a “buy” rating on shares of AJ Bell in a report on Thursday, May 26th.

In related news, insider Evelyn Bourke bought 52,297 shares of the company’s stock in a transaction dated Tuesday, May 31st. The stock was purchased at an average cost of GBX 287 ($3.52) per share, with a total value of £150,092.39 ($183,846.63). Also, insider Michael Thomas Summersgill sold 22,268 shares of the firm’s stock in a transaction dated Thursday, May 26th. The stock was sold at an average price of GBX 261 ($3.20), for a total transaction of £58,119.48 ($71,189.96). In the last three months, insiders acquired 52,403 shares of company stock worth $15,039,306.

AJB 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. 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 firm’s fifty day moving average is GBX 269.71 and its 200 day moving average is GBX 311.98. The firm has a market cap of £1.11 billion and a P/E ratio of 28.34.

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