AJ Bell’s (AJB) Buy Rating Reiterated at Shore Capital

Shore Capital restated their buy rating on shares of AJ Bell (LON:AJB) in a report issued on Thursday, MarketBeat.com reports.

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

AJ Bell Stock Performance

Shares of LON AJB opened at GBX 295.75 ($3.68) on Thursday. The company’s fifty day moving average price is GBX 305.30 and its 200 day moving average price is GBX 293.34. AJ Bell has a 1 year low of GBX 241.60 ($3.01) and a 1 year high of GBX 346.60 ($4.31). The company has a market capitalization of £1.22 billion, a PE ratio of 1,764.71, a price-to-earnings-growth 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 Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, February 9th. Shareholders of record on Thursday, January 11th were given a dividend of GBX 7.25 ($0.09) per share. The ex-dividend date was Thursday, January 11th. This is a boost from AJ Bell’s previous dividend of $3.50. This represents a yield of 2.81%. AJ Bell’s dividend payout ratio is currently 6,470.59%.

Insiders Place Their Bets

In other AJ Bell news, insider Simon Turner sold 27,267 shares of the company’s stock in a transaction on Monday, March 4th. The shares were sold at an average price of GBX 308 ($3.83), for a total transaction of £83,982.36 ($104,546.69). In other news, insider Peter Birch sold 17,000 shares of the stock in a transaction dated 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). Also, insider Simon Turner sold 27,267 shares of the stock in a transaction dated Monday, March 4th. The shares were sold at an average price of GBX 308 ($3.83), for a total transaction of £83,982.36 ($104,546.69). 33.23% of the stock is currently owned by company insiders.

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.