AJ Bell shares higher after broker ups price target
AJ Bell shares rose nearly 1% in late-morning London trade, last at 608p after Deutsche Bank raised its price target to 675p and reiterated a “buy” rating. The company reported record customer growth and a 19% revenue jump to £183 million for the half-year to March. AJ Bell plans a £15 million share buyback and raised its interim dividend 11% to 5p per share. No new company news was released Thursday.