Deutsche Bank Aktiengesellschaft Downgrades Just Group (LON:JUST) to Hold

Key Points

• Deutsche Bank downgraded Just Group to a "hold" rating, adjusting their price target to GBX 220 ($2.91), indicating a potential upside of 4.48% from its previous close.
• Berenberg Bank has initiated coverage of Just Group with a "buy" rating and a target price of GBX 209 ($2.76).
• Insider Mary Phibbs purchased 30,000 shares at an average price of GBX 144 ($1.90), representing a total investment of £43,200 ($57,067.37).

Deutsche Bank Aktiengesellschaft downgraded shares of Just Group (LON:JUST - Free Report) to a hold rating in a research note issued to investors on Thursday morning, Marketbeat Ratings reports. They currently have GBX 220 ($2.92) price target on the stock, up from their prior price target of GBX 170 ($2.26).

Separately, Berenberg Bank assumed coverage on shares of Just Group in a research report on Monday, July 7th. They issued a "buy" rating and a GBX 209 ($2.78) price objective on the stock.

Just Group Price Performance

Shares of LON JUST traded up GBX 0.13 ($0.00) during trading on Thursday, hitting GBX 210.13 ($2.79). 12,961,302 shares of the company were exchanged, compared to its average volume of 8,636,826. The company has a market cap of £2.20 billion, a price-to-earnings ratio of 24.45, a PEG ratio of 0.47 and a beta of 1.51. Just Group has a 1 year low of GBX 108.40 ($1.44) and a 1 year high of GBX 214 ($2.84). The firm's fifty day moving average price is GBX 141.16 and its 200 day moving average price is GBX 146.12. The company has a debt-to-equity ratio of 43.09, a current ratio of 2.30 and a quick ratio of 4.87.

Insiders Place Their Bets

In other news, insider Mary Phibbs bought 30,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average price of GBX 144 ($1.91) per share, with a total value of £43,200 ($57,416.27). Insiders own 1.99% of the company's stock.

About Just Group

Just Group plc provides various retirement income products and services to individual and corporate clients.in the United Kingdom. It offers defined benefit de-risking solutions, guaranteed income for life, secure lifetime income, care plans, and lifetime mortgage service. The company also engages in professional services and distribution business, which offers technology, broking, and advice solutions for corporate clients and pension schemes; and regulated financial advice for pension, investment, and savings.