Just Group (LON:JUST) Stock Price Up 67.9% - Here's Why

Key Points

• Just Group shares surged by 67.9% during trading on Thursday, closing at GBX 211.61 ($2.80) after reaching a high of GBX 214 ($2.83).
• Berenberg Bank initiated coverage on Just Group, providing a "buy" rating with a price target of GBX 209 ($2.76), signaling positive growth expectations.
• Insider Mary Phibbs purchased 30,000 shares at GBX 144 ($1.90), indicating confidence in the company's future performance.

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

Analysts Set New Price Targets

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

Just Group Stock Down 0.0%

The company has a market capitalization of £2.20 billion, a price-to-earnings ratio of 24.51, a PEG ratio of 0.47 and a beta of 1.51. 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 business has a 50 day simple moving average of GBX 139.82 and a 200 day simple moving average of GBX 145.73.

Insider Activity

In related news, insider Mary Phibbs purchased 30,000 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were purchased at an average price of GBX 144 ($1.91) per share, with a total value 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.