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

Key Points

• Just Group plc experienced a significant stock price increase of 67.9%, trading at GBX 211.61 ($2.80), following a surge in trading volume of over 1,050%.
• Research analysts have mixed views, with Berenberg Bank issuing a "buy" rating and a price target of GBX 209, while Deutsche Bank raised their target to GBX 220 but downgraded the stock to a "hold".
• Insider activity includes Mary Phibbs purchasing 30,000 shares at GBX 144 ($1.90), indicating confidence in the company amidst fluctuating stock performance.

Shares of Just Group plc (LON:JUST - Get Free Report) traded up 67.9% during trading on Friday . 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 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 Ratings Changes

A number of brokerages recently issued reports on JUST. Berenberg Bank assumed coverage on Just Group in a report on Monday, July 7th. They issued a "buy" rating and a GBX 209 ($2.78) target price on the stock. Deutsche Bank Aktiengesellschaft cut 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 research note on Thursday, July 31st.

Just Group Price Performance

The company has a market capitalization of £2.20 billion, a P/E ratio of 24.45, a P/E/G ratio of 0.47 and a beta of 1.51. 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 firm has a fifty day moving average of GBX 141.16 and a 200 day moving average of GBX 146.12.

Insider Buying and Selling

In other news, insider Mary Phibbs acquired 30,000 shares of Just Group stock in a transaction on Friday, May 23rd. The shares were acquired at an average price of GBX 144 ($1.91) per share, with a total value of £43,200 ($57,416.27). Corporate insiders own 1.99% of the company's stock.

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.