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AJ BELL PLC ( (GB:AJB) ) just unveiled an announcement.
AJ Bell PLC, a company involved in financial services, has announced the purchase of 100,000 of its ordinary shares as part of a share buyback program valued up to £50 million. The shares were bought at prices ranging from 457.60 to 463.80 pence, with an average price of 459.64 pence per share. The company plans to cancel these shares, reducing the total number of shares in issue to 401,249,956, which will affect the voting rights and shareholding calculations for stakeholders.
The most recent analyst rating on (GB:AJB) stock is a Hold with a £518.00 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 Neutral.
AJ Bell PLC’s strong financial performance is the most significant factor, highlighting robust growth and profitability. However, technical analysis indicates bearish momentum, which negatively impacts the overall score. The valuation is fair but not compelling enough to offset the technical weaknesses.
To see Spark’s full report on GB:AJB stock, click here.
More about AJ BELL PLC
Average Trading Volume: 883,412
Technical Sentiment Signal: Buy
Current Market Cap: £1.83B
For an in-depth examination of AJB stock, go to TipRanks’ Overview page.