Just Group (LON:JUST) Trading 67.9% Higher - Still a Buy?

Key Points

• Just Group plc's stock surged 67.9% during mid-day trading, reaching a high of GBX 214 ($2.83) amid increased trading volume.
• Analysts have updated their ratings, with Deutsche Bank cutting its rating to "hold" and raising the price objective to GBX 220 ($2.91), while Berenberg Bank initiated coverage with a "buy" rating and a target price of GBX 209 ($2.76).
• Insider Mary Phibbs purchased 30,000 shares at an average price of GBX 144 ($1.90), indicating confidence in the company's prospects.

Just Group plc (LON:JUST - Get Free Report) rose 67.9% during trading on Thursday . The company traded as high as GBX 214 ($2.84) and last traded at GBX 211.61 ($2.81). Approximately 95,064,234 shares traded hands during trading, an increase of 1,050% from the average daily volume of 8,267,902 shares. The stock had previously closed at GBX 126 ($1.67).

Analyst Upgrades and Downgrades

JUST has been the topic of a number of research reports. Berenberg Bank initiated coverage on Just Group in a research note on Monday, July 7th. They issued a "buy" rating and a GBX 209 ($2.78) price objective on the stock. Deutsche Bank Aktiengesellschaft cut Just Group to a "hold" rating and increased their price objective for the company from GBX 170 ($2.26) to GBX 220 ($2.92) in a research report on Thursday, July 31st.

Just Group Trading Up 0.1%

The firm has a market cap of £2.20 billion, a P/E ratio of 24.45, a P/E/G ratio of 0.47 and a beta of 1.51. 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 stock has a 50 day simple moving average of GBX 141.16 and a 200-day simple moving average of GBX 146.12.

Insider Transactions at Just Group

In related news, insider Mary Phibbs purchased 30,000 shares of Just Group 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 ($57,416.27). 1.99% of the stock is currently owned by 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.