AJ Bell (LON:AJB) Reaches New 52-Week High – Here’s Why

AJ Bell plc (LON:AJB)’s stock price hit a new 52-week high on Thursday . The company traded as high as GBX 500 ($6.53) and last traded at GBX 467.50 ($6.10), with a volume of 172184 shares traded. The stock had previously closed at GBX 481 ($6.28).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank increased their price target on shares of AJ Bell from GBX 370 ($4.83) to GBX 410 ($5.35) and gave the stock a “hold” rating in a research note on Thursday, July 18th.

AJ Bell Price Performance

The stock’s fifty day moving average price is GBX 443.45 and its 200-day moving average price is GBX 394.42. 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 firm has a market cap of £1.97 billion, a PE ratio of 2,405.00, a P/E/G ratio of 5.73 and a beta of 0.99.

Insider Activity

In other AJ Bell news, insider Julie Chakraverty bought 17,385 shares of the company’s stock in a transaction on Friday, July 26th. The stock was purchased at an average cost of GBX 431 ($5.63) per share, for a total transaction of £74,929.35 ($97,844.54). In other AJ Bell news, insider Julie Chakraverty bought 17,385 shares of the company’s stock in a transaction on Friday, July 26th. The stock was purchased at an average cost of GBX 431 ($5.63) per share, for a total transaction of £74,929.35 ($97,844.54). Also, insider Leslie Michael Platts sold 4,450 shares of the firm’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of GBX 449 ($5.86), for a total transaction of £19,980.50 ($26,091.02). Insiders purchased 21,913 shares of company stock worth $9,529,291 in the last 90 days. 29.60% of the stock is currently owned by corporate insiders.

About AJ Bell

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.