Just Group (LON:JUST) Stock Price Up 67.9% - What's Next?

Key Points

• Just Group stock soared 67.9% during trading, reaching a last traded price of GBX 211.61 ($2.80) after closing at GBX 126 ($1.66), with a significant increase in trading volume.
• Wall Street analysts from Berenberg Bank assigned a "buy" rating for Just Group, setting a price target of GBX 209 ($2.76).
• Insider transactions indicate confidence in the company, as insider Mary Phibbs purchased 30,000 shares at an average cost of GBX 144 ($1.90) per share.

Just Group plc (LON:JUST - Get Free Report) rose 67.9% during trading on Thursday . The stock traded as high as GBX 214 ($2.83) and last traded at GBX 211.61 ($2.80). Approximately 95,064,234 shares were traded during mid-day trading, an increase of 1,050% from the average daily volume of 8,267,902 shares. The stock had previously closed at GBX 126 ($1.66).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank assumed coverage on Just Group in a research report on Monday, July 7th. They issued a "buy" rating and a GBX 209 ($2.76) price target on the stock.

Just Group Trading Up 67.9%

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 company has a market cap of £2.21 billion, a PE ratio of 24.62, a PEG ratio of 0.47 and a beta of 1.51. The firm's 50 day moving average is GBX 137.19 and its 200 day moving average is GBX 144.91.

Insider Activity

In other Just Group news, insider Mary Phibbs bought 30,000 shares of the stock in a transaction dated Friday, May 23rd. The stock was purchased at an average cost of GBX 144 ($1.90) per share, for a total transaction of £43,200 ($57,067.37). Company 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.

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