Just Group (LON:JUST) Stock Price Up 67.9% - What's Next?

Key Points

• Just Group plc shares surged by 67.9% during mid-day trading, reaching GBX 214 ($2.83), significantly rising from a previous close of GBX 126 ($1.66) amidst heightened trading volume.
• Berenberg Bank initiated coverage on the company, issuing a "buy" rating with a price target of GBX 209 ($2.76), indicating positive outlook for the stock.
• Just Group's current market capitalization is £2.21 billion, with a PE ratio of 24.62, reflecting strong growth potential in the retirement income products sector in the UK.

Just Group plc (LON:JUST - Get Free Report)'s stock price was up 67.9% on Thursday . The company traded as high as GBX 214 ($2.84) and last traded at GBX 211.61 ($2.81). Approximately 95,064,234 shares traded hands during mid-day trading, an increase of 1,050% from the average daily volume of 8,267,902 shares. The stock had previously closed at GBX 126 ($1.67).

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on JUST shares. Deutsche Bank Aktiengesellschaft cut shares of Just Group to a "hold" rating and upped their price objective for the company from GBX 170 ($2.26) to GBX 220 ($2.92) in a research report on Thursday. 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 on the stock.

Just Group Trading Down 0.0%

The company has a current ratio of 2.30, a quick ratio of 4.87 and a debt-to-equity ratio of 43.09. The company has a market cap of £2.20 billion, a PE ratio of 24.51, a P/E/G ratio of 0.47 and a beta of 1.51. The business's 50-day simple moving average is GBX 139.82 and its 200-day simple moving average is GBX 145.73.

Insider Transactions at Just Group

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