Just Group (LON:JUST) Shares Up 67.9% - Time to 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) was up 67.9% on Thursday . The stock traded as high as GBX 214 ($2.83) and last traded at GBX 211.61 ($2.80). Approximately 95,064,234 shares were traded during trading, an increase of 1,050% from the average daily volume of 8,267,902 shares. The stock had previously closed at GBX 126 ($1.66).

Analyst Ratings Changes

Separately, Berenberg Bank assumed coverage on Just Group in a research note on Monday, July 7th. They set a "buy" rating and a GBX 209 ($2.76) price target on the stock.

Just Group Stock Performance

The stock has a fifty day simple moving average of GBX 137.19 and a 200-day simple moving average of GBX 144.91. The stock has a market cap of £2.21 billion, a P/E ratio of 24.62, a PEG ratio of 0.47 and a beta of 1.51. The company has a debt-to-equity ratio of 43.09, a quick ratio of 4.87 and a current ratio of 2.30.

Insider Activity at Just Group

In other news, insider Mary Phibbs bought 30,000 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average cost of GBX 144 ($1.90) per share, for a total transaction of £43,200 ($57,067.37). 1.99% of the stock is currently owned by corporate 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.

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