Just Group (LON:JUST) Receives "Buy" Rating from Jefferies Financial Group

Key Points

• Jefferies Financial Group has reaffirmed a buy rating for Just Group, with a target price of GBX 170 ($2.27), indicating a potential downside of 19.05% from its previous close.
• Other analysts' ratings have varied, with Deutsche Bank upgrading the stock to a "hold" with a target price of GBX 220 ($2.94) and Berenberg Bank initiating coverage with a buy rating and a target price of GBX 209 ($2.79).
• Insider buying observed, as Mary Phibbs acquired 30,000 shares at an average price of GBX 144 ($1.92), indicating confidence from leadership amidst fluctuating market perceptions.

Jefferies Financial Group restated their buy rating on shares of Just Group (LON:JUST - Free Report) in a report released on Thursday, Marketbeat reports. Jefferies Financial Group currently has a GBX 170 ($2.29) price target on the stock.

Other equities analysts have also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft cut shares of Just Group to a "hold" rating and boosted their price target for the company from GBX 170 ($2.29) to GBX 220 ($2.96) in a research report on Thursday, July 31st. Berenberg Bank began coverage on shares of Just Group in a research report on Monday, July 7th. They set a "buy" rating and a GBX 209 ($2.81) price objective on the stock. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Just Group has an average rating of "Moderate Buy" and an average target price of GBX 199.80 ($2.69).

Just Group Stock Performance

JUST traded down GBX 1.75 ($0.02) on Thursday, hitting GBX 211.50 ($2.84). The company's stock had a trading volume of 6,526,467 shares, compared to its average volume of 8,913,856. The company has a quick ratio of 4.87, a current ratio of 2.30 and a debt-to-equity ratio of 43.09. The company's 50 day simple moving average is GBX 146.14 and its 200-day simple moving average is GBX 147.52. The firm has a market cap of £2.21 billion, a P/E ratio of 24.61, a price-to-earnings-growth ratio of 0.47 and a beta of 1.51. Just Group has a 12 month low of GBX 114.80 ($1.54) and a 12 month high of GBX 214.50 ($2.88).

Just Group (LON:JUST - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported GBX 13.80 ($0.19) earnings per share for the quarter. Just Group had a net margin of 3.40% and a return on equity of 8.47%. Analysts forecast that Just Group will post 38.3510638 EPS for the current year.

Insider Buying and Selling

In other Just Group news, insider Mary Phibbs acquired 30,000 shares of the company's stock in a transaction on Friday, May 23rd. The stock was acquired at an average cost of GBX 144 ($1.94) per share, with a total value of £43,200 ($58,080.13). 1.99% of the stock is currently owned by insiders.

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.