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AJ BELL PLC ( (GB:AJB) ) has provided an announcement.
AJ Bell PLC, a financial services company, has announced the purchase of 79,677 of its own ordinary shares as part of a share buyback program valued at up to £25 million. The shares were bought at prices ranging from 503.50 pence to 522.00 pence, with an average price of 508.70 pence per share. The company plans to cancel these shares, which will reduce the total number of shares in issue to 403,600,391. This move is part of AJ Bell’s strategy to manage its capital structure and potentially enhance shareholder value.
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 strong financial performance is the most significant factor contributing to its overall score, supported by solid revenue and profit growth, efficient cost management, and robust cash flow generation. The technical analysis indicates a neutral trend, while the valuation suggests moderate pricing with a reasonable dividend yield. The absence of earnings call data and corporate events does not impact the score.
To see Spark’s full report on GB:AJB stock, click here.
More about AJ BELL PLC
Average Trading Volume: 785,923
Technical Sentiment Signal: Buy
Current Market Cap: £2.1B
For an in-depth examination of AJB stock, go to TipRanks’ Overview page.