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AJ BELL PLC ( (GB:AJB) ) just unveiled an update.
AJ Bell PLC has completed the sale of its Platinum SIPP and SSAS business to InvestAcc Group Limited for up to £25 million. This transaction, involving the transfer of 3,400 customers and £3.3 billion in assets, allows AJ Bell to simplify its business model and concentrate on its core platform services, thereby strengthening its capital position.
The most recent analyst rating on (GB:AJB) stock is a Hold with a £5.20 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 strong financial performance and positive technical indicators. The company’s robust revenue growth, high profitability, and financial stability are significant strengths. While the valuation is on the higher side, the stock’s technical momentum supports a favorable outlook.
To see Spark’s full report on GB:AJB stock, click here.
More about AJ BELL PLC
AJ Bell PLC operates in the financial services industry, focusing on investment platforms. The company provides services for both advised and direct-to-consumer market segments, offering a range of investment products and solutions.
Average Trading Volume: 723,200
Technical Sentiment Signal: Buy
Current Market Cap: £2.16B
See more insights into AJB stock on TipRanks’ Stock Analysis page.