Citigroup Downgrades AJ Bell (LON:AJB) to Sell

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

A number of other equities analysts also recently weighed in on AJB. Jefferies Financial Group reaffirmed a “buy” rating and issued 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 report on Friday, December 6th.

AJ Bell Stock Down 7.2 %

LON:AJB traded down GBX 32.50 ($0.41) during trading hours on Tuesday, hitting GBX 419.50 ($5.25). 2,136,771 shares of the stock traded hands, compared to its average volume of 885,262. The firm has a market cap of £1.73 billion, a price-to-earnings ratio of 2,097.50, a PEG ratio of 5.73 and a beta of 0.99. 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 current ratio of 3.75, a quick ratio of 7.16 and a debt-to-equity ratio of 6.44. The firm has a 50 day moving average price of GBX 460.90 and a 200 day moving average price of GBX 443.09.

Insider Buying and Selling at AJ Bell

In other news, insider Peter Birch sold 25,853 shares of the firm’s stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of GBX 459 ($5.74), for a total value of £118,665.27 ($148,461.49). Corporate insiders own 29.60% of the company’s stock.

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.