Just Group (LON:JUST) Stock Price Up 67.6% - Should You 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.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. Berenberg Bank began coverage on shares of Just Group in a report on Monday, July 7th. They issued 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 increased their price target for the company from GBX 170 ($2.26) to GBX 220 ($2.92) in a research note on Thursday.

Just Group Stock Performance

The firm's 50 day moving average price is GBX 139.82 and its two-hundred day moving average price is GBX 145.73. 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 cap of £2.21 billion, a PE ratio of 24.55, a PEG ratio of 0.47 and a beta of 1.51.

Insider Buying and Selling

In related news, insider Mary Phibbs bought 30,000 shares of the firm's stock in a transaction on Friday, May 23rd. The shares were bought at an average price of GBX 144 ($1.91) per share, with a total value of £43,200 ($57,362.90). 1.99% of the stock is 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.