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AJ BELL PLC ( (GB:AJB) ) has provided an update.
AJ Bell PLC, a financial services company, has executed a share buyback program, purchasing 89,837 of its ordinary shares through Jefferies International Limited. The shares were bought at prices ranging from 503.50 to 510.00 pence, with a volume-weighted average price of 507.34 pence. The company plans to cancel these shares, reducing the total number of shares in issue to 405,352,313. This move is part of a broader strategy to manage capital and potentially enhance shareholder value by reducing the number of shares outstanding, thereby increasing the value of remaining shares.
The most recent analyst rating on (GB:AJB) stock is a Sell with a £4.40 price target. To see the full list of analyst forecasts on AJ BELL PLC stock, see the GB:AJB Stock Forecast page.
Spark’s Take on GB:AJB Stock
According to Spark, TipRanks’ AI Analyst, GB:AJB is a Outperform.
AJ Bell PLC’s strong financial performance and positive corporate events are the most significant factors contributing to its overall score. The technical analysis supports a positive trend, although the valuation suggests caution due to a high P/E ratio. The absence of earnings call data limits further insights into management’s outlook.
To see Spark’s full report on GB:AJB stock, click here.
More about AJ BELL PLC
Average Trading Volume: 670,881
Technical Sentiment Signal: Buy
Current Market Cap: £2.01B
For a thorough assessment of AJB stock, go to TipRanks’ Stock Analysis page.