AJ Bell (AJB)

Sector:

Financials

Index:

FTSE 250

 385.00p
   
  • Change Today:
      0.000p
  • 52 Week High: 403.00
  • 52 Week Low: 249.00
  • Currency: UK Pounds
  • Shares Issued: 413.04m
  • Volume: 1,134,398
  • Market Cap: £1,590.21m

Jefferies downgrades AJ Bell after share price rally

By Michele Maatouk

Date: Friday 03 May 2024

LONDON (ShareCast) - (Sharecast News) - Jefferies downgraded its stance on AJ Bell on Friday to 'hold' from 'buy' after a circa 30% rally in the shares this year.
The bank also made a 3% reduction to its FY24 earnings forecast and cut its price target on the stock to 361p from 390p.

"AJB remains a high-quality business in our view, but we see valuation as fair, with our PT implying 20x FY24 and FY25 earnings," Jefferies said.

The bank said it's possible that the interim results on 23 May might reveal further upside, but added that it's already ahead of guidance on profit before tax margin.

At 0915 BST, the shares were down 1.9% at 330.50p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

AJ Bell Market Data

Currency UK Pounds
Share Price 385.00p
Change Today 0.000p
% Change 0.00 %
52 Week High 403.00
52 Week Low 249.00
Volume 1,134,398
Shares Issued 413.04m
Market Cap £1,590.21m

AJ Bell Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
86.53% below the market average86.53% below the market average86.53% below the market average86.53% below the market average86.53% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average
Price Trend
85.72% above the market average85.72% above the market average85.72% above the market average85.72% above the market average85.72% above the market average
82.76% above the sector average82.76% above the sector average82.76% above the sector average82.76% above the sector average82.76% above the sector average
Income
6.67% below the market average6.67% below the market average6.67% below the market average6.67% below the market average6.67% below the market average
43.28% below the sector average43.28% below the sector average43.28% below the sector average43.28% below the sector average43.28% below the sector average
Growth
71.39% above the market average71.39% above the market average71.39% above the market average71.39% above the market average71.39% above the market average
76.15% above the sector average76.15% above the sector average76.15% above the sector average76.15% above the sector average76.15% above the sector average

AJ Bell Dividends

  Latest Previous
  Interim Final
Ex-Div 06-Jun-24 11-Jan-24
Paid 28-Jun-24 09-Feb-24
Amount 4.25p 7.25p

Trades for 31-May-2024

Time Volume / Share Price
16:44 894 @ 385.00p
16:41 54,037 @ 385.00p
16:35 828,596 @ 385.00p
16:35 805 @ 385.00p
16:35 1,480 @ 385.00p

AJ Bell Key Personnel

CEO Michael Thomas Summersgill
CFO Peter Birch

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