AJ Bell (LON:AJB) Trading 1.1% Higher – Still a Buy?

AJ Bell plc (LON:AJB) shot up 1.1% during mid-day trading on Thursday . The company traded as high as GBX 458.35 ($5.97) and last traded at GBX 456 ($5.94). 980,814 shares traded hands during trading, an increase of 22% from the average session volume of 803,998 shares. The stock had previously closed at GBX 451 ($5.87).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their target price on shares of AJ Bell from GBX 370 ($4.82) to GBX 410 ($5.34) and gave the stock a “hold” rating in a research report on Thursday, July 18th.

AJ Bell Stock Up 1.1 %

The company has a market cap of £1.88 billion, a P/E ratio of 2,280.00, a P/E/G ratio of 5.73 and a beta of 0.99. The stock has a 50-day moving average of GBX 449.44 and a two-hundred day moving average of GBX 411.99. The company has a debt-to-equity ratio of 6.44, a quick ratio of 7.16 and a current ratio of 3.75.

Insider Transactions at AJ Bell

In other AJ Bell news, insider Fiona Clutterbuck bought 4,425 shares of AJ Bell stock in a transaction that occurred on Wednesday, August 21st. The shares were bought at an average price of GBX 450 ($5.86) per share, with a total value of £19,912.50 ($25,920.98). In related news, insider Fiona Clutterbuck bought 4,425 shares of the stock in a transaction dated Wednesday, August 21st. The stock was bought at an average price of GBX 450 ($5.86) per share, with a total value of £19,912.50 ($25,920.98). Also, insider Leslie Michael Platts sold 4,450 shares of the stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of GBX 449 ($5.84), for a total value of £19,980.50 ($26,009.50). In the last ninety days, insiders acquired 4,528 shares of company stock worth $2,036,356. 29.60% of the stock is currently owned by 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.