Just Group (LON:JUST) Trading Up 68.3% - Here's Why

Key Points

• Just Group's stock price surged by 68.3% during trading, reaching a high of GBX 214 ($2.84) after previously closing at GBX 126 ($1.67).
• Berenberg Bank initiated coverage on Just Group with a "buy" rating and a price target of GBX 209 ($2.77).
• Insider Mary Phibbs purchased 30,000 shares at an average price of GBX 144 ($1.91), demonstrating confidence in the company.

Shares of Just Group plc (LON:JUST - Get Free Report) rose 68.3% during trading on Thursday . The stock traded as high as GBX 214 ($2.84) and last traded at GBX 212 ($2.82). Approximately 67,830,250 shares traded hands during trading, an increase of 739% from the average daily volume of 8,082,637 shares. The stock had previously closed at GBX 126 ($1.67).

Analysts Set New Price Targets

JUST has been the topic of a number of recent analyst reports. Berenberg Bank initiated coverage on shares of Just Group in a report on Monday, July 7th. They set a "buy" rating and a GBX 209 ($2.78) price target on the stock. Deutsche Bank Aktiengesellschaft lowered shares of 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 report on Thursday.

Just Group Price Performance

The firm 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 business's 50-day simple moving average is GBX 139.82 and its two-hundred day simple moving average is GBX 145.73. The company has a current ratio of 2.30, a quick ratio of 4.87 and a debt-to-equity ratio of 43.09.

Insiders Place Their Bets

In other Just Group news, insider Mary Phibbs bought 30,000 shares of the firm's stock in a transaction dated 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). 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.