AJ BELL PLC ( (GB:AJB) ) has issued an announcement.
AJ Bell PLC has announced the purchase of 68,701 of its ordinary shares as part of a £30 million share buyback program. The company intends to cancel these shares, reducing the total number of shares in issue to 408,720,523. This move is expected to enhance shareholder value by decreasing the number of shares outstanding, thereby potentially increasing earnings per share and improving market perception.
More about AJ BELL PLC
AJ Bell PLC operates in the financial services industry, providing investment platforms and services to individual investors and financial advisers. The company focuses on offering a wide range of investment options and tools to help clients manage their portfolios effectively.
YTD Price Performance: -5.89%
Average Trading Volume: 919,470
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.7B
For an in-depth examination of AJB stock, go to TipRanks’ Stock Analysis page.