AJ Bell (LON:AJB) Lowered to “Sell” Rating by Citigroup

AJ Bell (LON:AJB) was downgraded by stock analysts at Citigroup to a “sell” rating in a report released on Tuesday,London Stock Exchange reports. They presently have a GBX 390 ($4.88) price target on the stock, down from their prior price target of GBX 450 ($5.63). Citigroup’s price target would suggest a potential downside of 7.03% from the stock’s current price.

Other equities research analysts also recently issued research reports about the stock. Jefferies Financial Group reiterated a “buy” rating and set a GBX 565 ($7.07) price target on shares of AJ Bell in a research note on Friday, December 6th. Shore Capital reaffirmed a “hold” rating on shares of AJ Bell in a research note on Friday, December 6th.

AJ Bell Stock Down 7.2 %

AJB traded down GBX 32.50 ($0.41) on Tuesday, reaching GBX 419.50 ($5.25). The company’s stock had a trading volume of 2,136,771 shares, compared to its average volume of 885,262. The stock has a 50 day moving average of GBX 460.90 and a two-hundred day moving average of GBX 443.09. The company has a quick ratio of 7.16, a current ratio of 3.75 and a debt-to-equity ratio of 6.44. AJ Bell has a fifty-two week low of GBX 280.60 ($3.51) and a fifty-two week high of GBX 529 ($6.62). The company has a market capitalization of £1.73 billion, a price-to-earnings ratio of 2,097.50, a P/E/G ratio of 5.73 and a beta of 0.99.

Insider Buying and Selling

In related news, insider Peter Birch sold 25,853 shares of the stock in a transaction that occurred on Tuesday, December 17th. The shares were sold at an average price of GBX 459 ($5.74), for a total transaction of £118,665.27 ($148,461.49). 29.60% of the stock is currently owned by company insiders.

AJ Bell Company Profile

Established in 1995, AJ Bell is one of the largest investment platforms in the UK, operating at scale in both the advised and direct-to-consumer markets.

Our purpose is to help people invest by providing them with easy access to Pensions, ISAs and General investment accounts, great customer service and competitive charges.

Our two core platform propositions are AJ Bell in the D2C market and AJ Bell Investcentre in the advised market, which both provide access to a broad investment range including shares and other instruments traded on the major stock exchanges around the world, as well as all mainstream collective investments available in the UK and our own range of AJ Bell funds.