Just Group (LON:JUST) Stock Price 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) shares shot 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 were traded 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).

Analyst Upgrades and Downgrades

Several research firms recently issued reports on JUST. 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 for the company. Deutsche Bank Aktiengesellschaft downgraded Just Group to a "hold" rating and boosted their price target 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 market capitalization of £2.21 billion, a price-to-earnings ratio of 24.55, 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. The company has a fifty day simple moving average of GBX 139.82 and a two-hundred day simple moving average of GBX 145.73.

Insiders Place Their Bets

In related news, insider Mary Phibbs acquired 30,000 shares of the company's stock in a transaction on Friday, May 23rd. The stock was purchased at an average cost of GBX 144 ($1.91) per share, with a total value of £43,200 ($57,362.90). 1.99% of the stock is 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.