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

Key Points

• Just Group plc saw its stock price increase by 67.9% on Friday, reaching a high of GBX 214 ($2.83) from a previous close of GBX 126 ($1.66).
• Analysts gave mixed ratings on Just Group, with Deutsche Bank raising the price target to GBX 220 ($2.91) while maintaining a "hold" rating, and Berenberg Bank initiating a "buy" rating with a price target of GBX 209 ($2.76).
• Insider Mary Phibbs purchased 30,000 shares at an average cost of GBX 144 ($1.90), indicating confidence in the company's prospects.

Just Group plc (LON:JUST - Get Free Report)'s stock price traded up 67.9% on Friday . The stock traded as high as GBX 214 ($2.83) and last traded at GBX 211.61 ($2.80). 95,064,234 shares traded hands 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 ($1.66).

Wall Street Analyst Weigh In

A number of analysts have commented 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 ($2.25) to GBX 220 ($2.91) in a research note on Thursday. Berenberg Bank initiated coverage on shares of Just Group in a research report on Monday, July 7th. They set a "buy" rating and a GBX 209 ($2.76) target price for the company.

Just Group Stock Performance

The company's fifty day simple moving average is GBX 138.49 and its 200 day simple moving average is GBX 145.40. The stock has a market capitalization of £2.20 billion, a P/E ratio of 24.49, 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.

Insider Activity

In other Just Group news, insider Mary Phibbs purchased 30,000 shares of the stock in a transaction on Friday, May 23rd. The stock was acquired at an average cost of GBX 144 ($1.90) per share, with a total value of £43,200 ($57,067.37). 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.

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