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AJ BELL PLC ( (GB:AJB) ) has provided an announcement.
AJ Bell PLC has executed a share buyback program, purchasing 70,099 of its ordinary shares through Jefferies International Limited. This move, part of a £25 million buyback initiative announced earlier in the year, aims to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing the value of remaining shares. The purchased shares will be canceled, leaving the company with 402,991,196 shares in issue, which represents the total voting rights in the company.
The most recent analyst rating on (GB:AJB) stock is a Sell with a £475.00 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 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, offering investment platforms and services primarily focused on retail investors and financial advisers.
Average Trading Volume: 725,833
Technical Sentiment Signal: Buy
Current Market Cap: £2.17B
Find detailed analytics on AJB stock on TipRanks’ Stock Analysis page.