AJ Bell (LON:AJB) Lowered to "Sell" Rating by Citigroup

AJ Bell (LON:AJB - Get Free Report) was downgraded by investment analysts at Citigroup to a "sell" rating in a research report issued on Tuesday, MarketBeat.com reports. They presently have a GBX 390 ($4.88) price objective on the stock, down from their previous price objective of GBX 450 ($5.63). Citigroup's target price would suggest a potential downside of 7.58% from the stock's previous close.

AJB has been the topic of several other research reports. Shore Capital reiterated a "hold" rating on shares of AJ Bell in a research report on Friday, December 6th. Jefferies Financial Group reiterated a "buy" rating and set a GBX 565 ($7.07) target price on shares of AJ Bell in a research report on Friday, December 6th.

AJ Bell Stock Performance

Shares of AJ Bell stock traded down GBX 30 ($0.38) on Tuesday, hitting GBX 422 ($5.28). The stock had a trading volume of 1,503,110 shares, compared to its average volume of 726,847. AJ Bell has a 52-week low of GBX 280.60 ($3.51) and a 52-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 stock has a market cap of £1.74 billion, a price-to-earnings ratio of 2,110.00, a P/E/G ratio of 5.73 and a beta of 0.99. The company's 50 day moving average price is GBX 460.90 and its 200 day moving average price is GBX 443.09.

Insider Transactions at AJ Bell

In other AJ Bell news, insider Peter Birch sold 25,853 shares of the firm's stock in a transaction dated Tuesday, December 17th. The shares were 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.

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.