AJ Bell (LON:AJB) Given Buy Rating at Shore Capital

Shore Capital reissued their buy rating on shares of AJ Bell (LON:AJB) in a report published on Thursday, Marketbeat reports.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group lowered AJ Bell to a hold rating and set a GBX 361 ($4.59) price objective for the company. in a research note on Friday, May 3rd. Berenberg Bank reaffirmed a hold rating and issued a GBX 370 ($4.70) price objective on shares of AJ Bell in a research note on Friday, April 19th.

AJ Bell Stock Performance

LON:AJB opened at GBX 384.50 ($4.89) on Thursday. The stock has a 50-day simple moving average of GBX 321.56 and a two-hundred day simple moving average of GBX 307.77. AJ Bell has a 52-week low of GBX 241.60 ($3.07) and a 52-week high of GBX 414.50 ($5.27). The company has a debt-to-equity ratio of 7.47, a quick ratio of 7.16 and a current ratio of 3.71. The firm has a market capitalization of £1.58 billion, a PE ratio of 2,261.76, a P/E/G ratio of 5.73 and a beta of 0.88.

AJ Bell Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, June 28th. Stockholders of record on Thursday, June 6th will be paid a GBX 4.25 ($0.05) dividend. This represents a dividend yield of 1.17%. The ex-dividend date is Thursday, June 6th. AJ Bell’s dividend payout ratio (DPR) is 6,470.59%.

Insider Buying and Selling

In related news, insider Simon Turner sold 27,267 shares of the business’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of GBX 308 ($3.91), for a total value of £83,982.36 ($106,739.15). 32.71% of the stock is 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.