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The latest announcement is out from AJ BELL PLC ( (GB:AJB) ).
AJ Bell PLC has executed a share buyback program, purchasing 44,609 of its ordinary shares at a volume-weighted average price of 509.43 pence per share, with the intention to cancel these shares. This move is part of a larger £25 million buyback initiative announced earlier in the year, aimed at reducing the number of shares in circulation and potentially increasing shareholder value. Following the cancellation of these shares, the total number of ordinary shares in issue will be 404,666,656, which represents the total voting rights in the company.
The most recent analyst rating on (GB:AJB) stock is a Buy with a £574.00 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 overall stock score is driven by its strong financial performance, characterized by robust revenue growth and profitability. Technical analysis presents a mixed picture with neutral momentum indicators. The valuation suggests the stock might be slightly overvalued, but the dividend yield offers some compensation. The absence of earnings call and corporate events data means these factors did not influence the score.
To see Spark’s full report on GB:AJB stock, click here.
More about AJ BELL PLC
AJ Bell PLC operates in the financial services industry, providing investment platforms and services primarily for retail investors. The company focuses on offering online investment solutions, including self-invested personal pensions (SIPPs), individual savings accounts (ISAs), and general investment accounts, catering to both individual investors and financial advisers.
Average Trading Volume: 633,990
Technical Sentiment Signal: Buy
Current Market Cap: £2.07B
See more data about AJB stock on TipRanks’ Stock Analysis page.