Just Group (LON:JUST) Shares Up 67.9% - Time to Buy?

Key Points

• Just Group plc's shares surged by 67.9% on Thursday, reaching as high as GBX 214 ($2.84) from a previous close of GBX 126 ($1.67), with trading volume increasing by over 1,000% compared to the average session.
• Berenberg Bank has initiated coverage on Just Group, giving it a "buy" rating with a price target of GBX 209 ($2.77), indicating positive prospects for the stock.
• Insider Mary Phibbs acquired 30,000 shares of Just Group at GBX 144 ($1.91), demonstrating confidence in the company's stock amidst the recent price increase.

Just Group plc (LON:JUST - Get Free Report)'s share price traded up 67.9% 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 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 analysts recently weighed in on the company. Berenberg Bank assumed 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 on the stock. Deutsche Bank Aktiengesellschaft downgraded Just Group to a "hold" rating and upped their price target for the stock from GBX 170 ($2.26) to GBX 220 ($2.92) in a research note on Thursday.

Just Group Price Performance

The company has a current ratio of 2.30, a quick ratio of 4.87 and a debt-to-equity ratio of 43.09. The company has a market cap of £2.21 billion, a PE ratio of 24.55, a P/E/G ratio of 0.47 and a beta of 1.51. The firm has a 50 day moving average of GBX 139.82 and a two-hundred day moving average of GBX 145.73.

Insider Buying and Selling

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

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.