Investment Banking and Brokerage Services (8770)

14,075.11
   
  • 52 Week High: 15,087.53
  • 52 Week Low: 12,472.36

Barclays stays 'underweight' on AJ Bell, prefers IntegraFin

By Alexander Bueso

Date: Friday 23 Jul 2021

LONDON (ShareCast) - (Sharecast News) - Analysts at Barclays raised their target price for AJ Bell but stayed at 'underweight' on the shares, telling clients they preferred to play "supportive" themes in UK wealth post-Covid through adviser platform peer IntegraFin.
Nevertheless, they dubbed growth in the broker's assets under management, driven by rising platform flows and "large positive" market contribution "impressive".

They also noted the "robust" 17,000 growth in AJ Bell's new customers.

"Rising flows and robust new customer additions, despite easing COVID restrictions allowing consumers more spending opportunities, should be taken well," they explained.



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are end of day values only.

 

Price Data

Price 14,075.11
Closing Price Change -89.84
% Change -0.63 %
19-Apr-24 Close 14,075.11

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JIM 60.00p -2.4%

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