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

Key Points

• Just Group plc experienced a significant surge in its stock price, rising 67.9% during one trading day, with shares reaching as high as GBX 214 ($2.84).
• Analysts at Berenberg Bank initiated coverage of Just Group with a "buy" rating and a price target of GBX 209 ($2.77).
• Insider Mary Phibbs purchased 30,000 shares of Just Group stock at an average price of GBX 144 ($1.91), demonstrating insider confidence in the company's prospects.

Just Group plc (LON:JUST - Get Free Report) traded up 67.9% 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 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).

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Berenberg Bank initiated 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. Deutsche Bank Aktiengesellschaft lowered Just Group to a "hold" rating and lifted their target price for the stock from GBX 170 ($2.26) to GBX 220 ($2.92) in a report on Thursday.

Just Group Trading Up 0.1%

The company has a market capitalization of £2.21 billion, a price-to-earnings ratio of 24.55, a price-to-earnings-growth ratio of 0.47 and a beta of 1.51. The business has a fifty 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.

Insider Activity at Just Group

In other Just Group news, insider Mary Phibbs purchased 30,000 shares of the business's stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of GBX 144 ($1.91) per share, for a total transaction of £43,200 ($57,362.90). 1.99% of the stock is currently owned by company 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.