Just Group (LON:JUST) Trading Up 0.2% - Still a 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)'s stock price traded up 0.2% on Thursday . The stock traded as high as GBX 126.40 ($1.68) and last traded at GBX 126 ($1.67). 2,059,946 shares traded hands during mid-day trading, a decline of 73% from the average session 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 research analysts have weighed in on JUST shares. Deutsche Bank Aktiengesellschaft downgraded Just Group to a "hold" rating and raised their price target for the company from GBX 170 ($2.26) to GBX 220 ($2.92) in a research note on Thursday. Berenberg Bank began coverage on Just Group in a research report on Monday, July 7th. They set a "buy" rating and a GBX 209 ($2.77) price objective on the stock.

Just Group Stock Performance

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 50-day moving average price of GBX 139.82 and a 200 day moving average price of GBX 145.88. The stock has a market capitalization of £2.20 billion, a P/E ratio of 24.50, a PEG ratio of 0.47 and a beta of 1.51.

Insider Transactions at Just Group

In other Just Group news, insider Mary Phibbs acquired 30,000 shares of the 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, with a total value of £43,200 ($57,340.06). 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.