Just Group (LON:JUST) Reaches New 1-Year High - Time to Buy?

Key Points

• Just Group plc shares reached a new 12-month high, trading at GBX 211.61 ($2.80), significantly up from a previous close of GBX 126 ($1.66).
• Analysts have mixed ratings on the stock, with Berenberg Bank initiating coverage with a "buy" rating and Deutsche Bank raising its target price while downgrading to a "hold".
• Insider Mary Phibbs bought 30,000 shares at GBX 144 ($1.90), indicating confidence in the company's prospects.

Just Group plc (LON:JUST - Get Free Report)'s stock price reached a new 52-week high during trading on Friday . The stock traded as high as GBX 214 ($2.84) and last traded at GBX 211.61 ($2.81), with a volume of 95064234 shares traded. The stock had previously closed at GBX 126 ($1.67).

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Berenberg Bank assumed coverage on shares of Just Group in a research note on Monday, July 7th. They set a "buy" rating and a GBX 209 ($2.78) price objective for the company. Deutsche Bank Aktiengesellschaft cut shares of Just Group to a "hold" rating and upped their price target for the stock from GBX 170 ($2.26) to GBX 220 ($2.92) in a report on Thursday, July 31st.

Just Group Trading Up 0.1%

The business has a 50-day moving average price of GBX 141.16 and a two-hundred day moving average price of 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. The firm has a market cap of £2.20 billion, a PE ratio of 24.45, a PEG ratio of 0.47 and a beta of 1.51.

Insider Activity

In other Just Group news, insider Mary Phibbs purchased 30,000 shares of Just Group stock in a transaction on Friday, May 23rd. The stock was bought at an average price of GBX 144 ($1.91) per share, for a total transaction of £43,200 ($57,416.27). 1.99% of the stock is currently owned by insiders.

Just Group Company Profile

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.