Just Group (LON:JUST) Shares Up 67.6% - Still a Buy?

Key Points

• Just Group plc shares surged by 67.6%, closing at GBX 211.14, following a trading volume increase of 1,029% compared to the average session.
• Berenberg Bank has initiated coverage on Just Group with a "buy" rating and a price target of GBX 209 ($2.77).
• The company has a market capitalization of £2.21 billion and an estimated P/E ratio of 24.62, indicating potential growth prospects.

Just Group plc (LON:JUST - Get Free Report) shares shot up 67.6% during trading on Thursday . The company traded as high as GBX 214 ($2.84) and last traded at GBX 211.14 ($2.80). 93,171,203 shares were traded during trading, an increase of 1,029% from the average session volume of 8,255,024 shares. The stock had previously closed at GBX 126 ($1.67).

Analyst Upgrades and Downgrades

Separately, Berenberg Bank started coverage on Just Group in a research note on Monday, July 7th. They set a "buy" rating and a GBX 209 ($2.77) price objective on the stock.

Just Group Stock Up 67.9%

The company has a debt-to-equity ratio of 43.09, a quick ratio of 4.87 and a current ratio of 2.30. The firm has a market capitalization of £2.21 billion, a P/E ratio of 24.62, a P/E/G ratio of 0.47 and a beta of 1.51. The stock has a fifty day moving average price of GBX 137.19 and a two-hundred day moving average price of GBX 144.91.

Insider Buying and Selling at Just Group

In related news, insider Mary Phibbs acquired 30,000 shares of Just Group stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average price of GBX 144 ($1.91) per share, for a total transaction of £43,200 ($57,279.24). Company insiders own 1.99% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.