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AJ BELL PLC ( (GB:AJB) ) has shared an update.
AJ Bell PLC, a financial services company, has executed a share buyback program, purchasing 71,899 of its ordinary shares through Jefferies International Limited. This move is part of a £25 million buyback initiative announced earlier in the year. The shares were bought at prices ranging from 534.50 to 542.50 pence, with an average price of 538.79 pence per share. The company plans to cancel these shares, which will adjust the total number of ordinary shares in issue to 402,422,954, impacting the voting rights and shareholding calculations for stakeholders.
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
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.