AJ Bell (LON:AJB) Trading 1.1% Higher – Here’s Why

AJ Bell plc (LON:AJB)’s stock price shot up 1.1% on Thursday . The company traded as high as GBX 458.35 ($5.97) and last traded at GBX 456 ($5.94). 980,814 shares changed 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).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank lifted 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 note on Thursday, July 18th.

AJ Bell Stock Up 1.1 %

The stock has a market capitalization of £1.88 billion, a P/E ratio of 2,280.00, a price-to-earnings-growth ratio of 5.73 and a beta of 0.99. The company has a debt-to-equity ratio of 6.44, a current ratio of 3.75 and a quick ratio of 7.16. The stock has a fifty day moving average price of GBX 449.44 and a 200 day moving average price of GBX 411.99.

Insider Buying and Selling

In related news, insider Fiona Clutterbuck bought 4,425 shares of AJ Bell stock in a transaction on Wednesday, August 21st. The stock was acquired at an average price of GBX 450 ($5.86) per share, with a total value of £19,912.50 ($25,920.98). In other news, insider Leslie Michael Platts sold 4,450 shares of the company’s stock in a transaction 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). Also, insider Fiona Clutterbuck acquired 4,425 shares of the stock in a transaction that occurred on Wednesday, August 21st. The stock was acquired at an average price of GBX 450 ($5.86) per share, for a total transaction of £19,912.50 ($25,920.98). In the last quarter, insiders have purchased 4,528 shares of company stock valued at $2,036,356. Corporate insiders own 29.60% of the company’s stock.

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.