Just Group (LON:JUST) Trading Up 0.2% - Time to Buy?

Key Points

• Just Group's share price increased by 0.2%, closing at GBX 126 ($1.67) despite trading volume dropping 73% from its average.
• Berenberg Bank has initiated coverage on Just Group with a "buy" rating and set a price target of GBX 209 ($2.77).
• Insider Mary Phibbs purchased 30,000 shares at GBX 144 ($1.91), indicating confidence in the company's future performance.

Just Group plc (LON:JUST - Get Free Report) was up 0.2% on Thursday . The company traded as high as GBX 126.40 ($1.68) and last traded at GBX 126 ($1.67). Approximately 2,059,946 shares were traded during trading, a decline of 73% from the average daily volume of 7,673,407 shares. The stock had previously closed at GBX 125.80 ($1.67).

Wall Street Analyst Weigh In

A number of equities analysts recently commented on JUST shares. Deutsche Bank Aktiengesellschaft cut Just Group to a "hold" rating and raised their target price for the company from GBX 170 ($2.26) to GBX 220 ($2.92) in a report on Thursday. Berenberg Bank assumed coverage on Just Group in a research note on Monday, July 7th. They set a "buy" rating and a GBX 209 ($2.78) target price for the company.

Just Group Trading Down 0.1%

The company has a debt-to-equity ratio of 43.09, a quick ratio of 4.87 and a current ratio of 2.30. The business has a fifty day simple moving average of GBX 139.82 and a 200 day simple moving average of GBX 145.73. The company has a market cap of £2.20 billion, a P/E ratio of 24.50, a P/E/G ratio of 0.47 and a beta of 1.51.

Insider Activity at Just Group

In related news, insider Mary Phibbs bought 30,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were acquired at an average cost of GBX 144 ($1.91) per share, for a total transaction of £43,200 ($57,362.90). Corporate 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.