Just Group (LON:JUST) Shares Up 67.9% - Still a 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) shares traded up 67.9% during mid-day trading on Friday . The stock traded as high as GBX 214 ($2.84) and last traded at GBX 211.61 ($2.81). 95,064,234 shares traded hands during 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).

Wall Street Analyst Weigh In

A number of analysts have recently commented on JUST shares. Berenberg Bank started coverage on Just Group in a research note on Monday, July 7th. They issued a "buy" rating and a GBX 209 ($2.78) price target for the company. Deutsche Bank Aktiengesellschaft lowered shares of Just Group to a "hold" rating and boosted their price target for the company from GBX 170 ($2.26) to GBX 220 ($2.92) in a report on Thursday, July 31st.

Just Group Trading Up 0.1%

The business has a 50-day moving average price of GBX 141.16 and a two-hundred day moving average price of GBX 146.12. The stock has a market capitalization 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.

Insider Transactions at Just Group

In other Just Group news, insider Mary Phibbs purchased 30,000 shares of the business's stock in a transaction on Friday, May 23rd. The shares were purchased at an average cost of GBX 144 ($1.91) per share, for a total transaction of £43,200 ($57,416.27). Company insiders own 1.99% of the company's stock.

About Just Group

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.