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

Key Points

• Just Group plc's stock price surged by 67.9% on Thursday, with shares trading at GBX 211.61 ($2.81) compared to its previous close of GBX 126 ($1.67).
• The company has a market cap of £2.21 billion and a notable P/E ratio of 24.62, alongside strong liquidity ratios.
• Berenberg Bank initiated coverage with a "buy" rating and a price target of GBX 209 ($2.77), indicating positive market sentiment for the stocks.

Just Group plc (LON:JUST - Get Free Report)'s share price 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 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

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft downgraded shares of Just Group to a "hold" rating and increased their price objective for the stock from GBX 170 ($2.26) to GBX 220 ($2.92) in a research note on Thursday. Berenberg Bank started coverage on shares of Just Group in a research note on Monday, July 7th. They issued a "buy" rating and a GBX 209 ($2.77) target price for the company.

Just Group Price Performance

The firm has a market capitalization of £2.20 billion, a price-to-earnings ratio of 24.50, a P/E/G ratio of 0.47 and a beta of 1.51. The company's 50 day moving average is GBX 139.82 and its 200-day moving average is GBX 145.88. The company has a current ratio of 2.30, a quick ratio of 4.87 and a debt-to-equity ratio of 43.09.

Insider Transactions at Just Group

In related news, insider Mary Phibbs acquired 30,000 shares of the business's stock in a transaction on Friday, May 23rd. The stock was purchased at an average cost of GBX 144 ($1.91) per share, for a total transaction of £43,200 ($57,340.06). 1.99% of the stock is owned by company 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.