Just Group (LON:JUST) Trading 67.9% Higher - Should You Buy?

Key Points

• Just Group shares surged 67.9% on Thursday, reaching a trading high of GBX 214 ($2.83), significantly up from a previous close of GBX 126 ($1.66).
• Berenberg Bank initiated coverage on Just Group, giving it a "buy" rating and a price target of GBX 209 ($2.76).
• Insider Mary Phibbs purchased 30,000 shares at GBX 144 ($1.90) per share, reflecting confidence in the company's prospects.

Just Group plc (LON:JUST - Get Free Report)'s stock price traded up 67.9% during mid-day trading on Thursday . The stock traded as high as GBX 214 ($2.84) and last traded at GBX 211.61 ($2.81). 95,064,234 shares changed hands during 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).

Wall Street Analyst Weigh In

JUST has been the subject of a number of analyst reports. Berenberg Bank assumed 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 target for the company. Deutsche Bank Aktiengesellschaft lowered Just Group to a "hold" rating and raised their price objective for the company from GBX 170 ($2.26) to GBX 220 ($2.92) in a research note on Thursday.

Just Group Price Performance

The stock has a 50 day moving average price of GBX 139.82 and a 200-day moving average price of GBX 145.73. 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 stock has a market capitalization of £2.19 billion, a price-to-earnings ratio of 24.43, a price-to-earnings-growth ratio of 0.47 and a beta of 1.51.

Insider Activity at Just Group

In other Just Group news, insider Mary Phibbs bought 30,000 shares of the business's stock in a transaction on Friday, May 23rd. The stock was 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 currently owned by corporate insiders.

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.