AJ Bell (LON:AJB) Cut to Sell at Citigroup

AJ Bell (LON:AJB) was downgraded by equities research analysts at Citigroup to a “sell” rating in a report released on Tuesday, Marketbeat.com reports. They presently have a GBX 390 ($4.82) price objective on the stock, down from their prior price objective of GBX 450 ($5.56). Citigroup’s price target points to a potential downside of 7.14% from the stock’s current price.

Several other equities research analysts have also recently weighed in on the company. Jefferies Financial Group reissued a “buy” rating and issued a GBX 565 ($6.98) price objective on shares of AJ Bell in a research report on Friday, December 6th. Shore Capital reiterated a “hold” rating on shares of AJ Bell in a research report on Friday, December 6th.

AJ Bell Trading Down 0.5 %

Shares of LON AJB opened at GBX 420 ($5.19) on Tuesday. The company has a debt-to-equity ratio of 6.44, a quick ratio of 7.16 and a current ratio of 3.75. The stock has a market cap of £1.73 billion, a price-to-earnings ratio of 2,100.00, a PEG ratio of 5.73 and a beta of 0.99. The business has a 50 day simple moving average of GBX 459.45 and a 200 day simple moving average of GBX 443.16. AJ Bell has a 52 week low of GBX 280.60 ($3.47) and a 52 week high of GBX 529 ($6.54).

Insider Buying and Selling at AJ Bell

In other AJ Bell news, insider Peter Birch sold 25,853 shares of AJ Bell stock in a transaction dated Tuesday, December 17th. The stock was sold at an average price of GBX 459 ($5.67), for a total value 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.