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AJ BELL PLC ( (GB:AJB) ) has provided an announcement.
AJ Bell PLC, a financial services company, has announced a share buyback transaction where it purchased 101,731 of its ordinary shares through Jefferies International Limited. This move is part of a larger £25 million share buyback program announced earlier this year. The purchased shares will be cancelled, reducing the total number of shares in issue to 404,967,590. This action is likely to impact the company’s share value and provide a return to shareholders, while also potentially altering the company’s market capitalization and voting rights structure.
The most recent analyst rating on (GB:AJB) stock is a Buy with a £562.00 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 strong financial performance is the most significant factor contributing to its overall score, supported by robust revenue and profit growth, and financial stability. The technical analysis presents mixed signals, with short-term bearish indicators but long-term strength. Valuation metrics suggest the stock may be overvalued, which slightly tempers the overall score.
To see Spark’s full report on GB:AJB stock, click here.
More about AJ BELL PLC
Average Trading Volume: 654,951
Technical Sentiment Signal: Buy
Current Market Cap: £2.05B
For a thorough assessment of AJB stock, go to TipRanks’ Stock Analysis page.