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

Key Points

• Just Group plc's share price surged by 67.9% to GBX 211.61 ($2.81) on Thursday, marking a significant increase in trading volume.
• Berenberg Bank has initiated coverage on Just Group, assigning a "buy" rating with a target price of GBX 209 ($2.77).
• Insider Mary Phibbs purchased 30,000 shares at GBX 144 ($1.91) per share, highlighting insider confidence in the company.

Just Group plc (LON:JUST - Get Free Report)'s stock price shot up 67.9% during trading 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 were traded 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 equities research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Just Group to a "hold" rating and increased their target price for the stock from GBX 170 ($2.26) to GBX 220 ($2.92) in a research note on Thursday. Berenberg Bank assumed coverage on shares of Just Group in a research note on Monday, July 7th. They set a "buy" rating and a GBX 209 ($2.78) target price on the stock.

Just Group Stock 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 firm's 50-day moving average is GBX 139.82 and its two-hundred day moving average is GBX 145.73. The stock has a market cap of £2.21 billion, a price-to-earnings ratio of 24.55, a P/E/G ratio of 0.47 and a beta of 1.51.

Insider Buying and Selling at Just Group

In related news, insider Mary Phibbs purchased 30,000 shares of Just Group stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average price of GBX 144 ($1.91) per share, for a total transaction of £43,200 ($57,362.90). 1.99% of the stock is currently owned by company insiders.

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.