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 note issued to investors on Tuesday, Marketbeat reports. They presently have a GBX 390 ($4.82) target price on the stock, down from their previous target price of GBX 450 ($5.56). Citigroup’s price target points to a potential downside of 7.14% from the stock’s current price.

AJB has been the topic of a number of other research reports. Jefferies Financial Group reissued a “buy” rating and issued a GBX 565 ($6.98) target price on shares of AJ Bell in a report on Friday, December 6th. Shore Capital restated a “hold” rating on shares of AJ Bell in a research report on Friday, December 6th.

AJ Bell Stock Down 0.5 %

AJ Bell stock opened at GBX 420 ($5.19) on Tuesday. The stock has a market cap of £1.73 billion, a PE ratio of 2,100.00, a P/E/G 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. AJ Bell has a 1-year low of GBX 280.60 ($3.47) and a 1-year high of GBX 529 ($6.54). The stock’s fifty day moving average is GBX 459.45 and its two-hundred day moving average is GBX 443.16.

Insider Activity at AJ Bell

In other news, insider Peter Birch sold 25,853 shares of the business’s stock in a transaction that occurred on Tuesday, December 17th. The stock was sold at an average price of GBX 459 ($5.67), for a total transaction of £118,665.27 ($146,681.42). Corporate insiders own 29.60% of the company’s stock.

About AJ Bell

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.