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Just Group (LON:JUST) Trading 67.9% Higher - What's Next?

Just Group logo with Financial Services background

Key Points

  • Just Group plc's share price soared 67.9%, reaching GBX 211.55 ($2.80) during mid-day trading, significantly up from its previous close of GBX 126 ($1.67).
  • Berenberg Bank initiated coverage on Just Group, issuing a "buy" rating with a price target of GBX 209 ($2.77).
  • Insider Mary Phibbs acquired 30,000 shares at GBX 144 ($1.91), indicating insider confidence in the company's future prospects.
  • Five stocks to consider instead of Just Group.

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 211.55 ($2.81). 49,039,031 shares traded hands during mid-day trading, an increase of 516% from the average session volume of 7,954,806 shares. The stock had previously closed at GBX 126 ($1.67).

Analyst Upgrades and Downgrades

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

Check Out Our Latest Research Report on JUST

Just Group Trading Down 0.2%

The company has a market cap 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 has a debt-to-equity ratio of 43.09, a current ratio of 2.30 and a quick ratio of 4.87. The firm's fifty day moving average price is GBX 139.82 and its 200-day moving average price is GBX 145.88.

Insiders Place Their Bets

In related news, insider Mary Phibbs acquired 30,000 shares of Just Group stock in a transaction that occurred on Friday, May 23rd. The stock was acquired at an average price of GBX 144 ($1.91) per share, with a total value of £43,200 ($57,340.06). 1.99% of the stock is owned by insiders.

About Just Group

(Get Free Report)

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.

Further Reading

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