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AJ BELL PLC ( (GB:AJB) ) has issued an announcement.
AJ Bell PLC has announced the purchase of 44,141 of its ordinary shares as part of a share buyback program valued at up to £25 million. The company plans to cancel these shares, reducing the total number of shares in circulation to 404,711,265, which will impact shareholder voting rights and potentially enhance shareholder value by increasing earnings per share.
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 is a financial services company that offers investment platforms and stockbroking services. It primarily focuses on providing investment solutions to retail investors and financial advisers in the UK market.
Average Trading Volume: 638,074
Technical Sentiment Signal: Buy
Current Market Cap: £2.07B
See more data about AJB stock on TipRanks’ Stock Analysis page.