Just Group (LON:JUST) Stock Price Down 14.7% - Here's Why

Just Group plc (LON:JUST - Get Free Report)'s stock price traded down 14.7% during mid-day trading on Friday . The company traded as low as GBX 134.67 ($1.74) and last traded at GBX 139.20 ($1.80). 21,008,035 shares changed hands during mid-day trading, an increase of 254% from the average session volume of 5,942,002 shares. The stock had previously closed at GBX 163.20 ($2.11).

Wall Street Analysts Forecast Growth

Several brokerages recently commented on JUST. Royal Bank of Canada lifted their target price on shares of Just Group from GBX 190 ($2.46) to GBX 200 ($2.59) and gave the stock an "outperform" rating in a report on Friday. JPMorgan Chase & Co. reiterated an "overweight" rating and issued a GBX 200 ($2.59) price objective on shares of Just Group in a research note on Friday.

Just Group Price Performance

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 firm has a market cap of £1.47 billion, a P/E ratio of 16.38, a price-to-earnings-growth ratio of 0.47 and a beta of 1.51. The stock's 50-day moving average is GBX 159.82 and its 200-day moving average is GBX 149.72.

Just Group (LON:JUST - Get Free Report) last released its quarterly earnings data on Friday, March 7th. The company reported GBX 36 ($0.47) earnings per share (EPS) for the quarter. Just Group had a return on equity of 8.47% and a net margin of 3.40%. As a group, equities analysts anticipate that Just Group plc will post 38.3510638 EPS for the current fiscal year.

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Insider Buying and Selling at Just Group

In related news, insider Mark Godson bought 66,086 shares of the business's stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average price of GBX 151 ($1.95) per share, for a total transaction of £99,789.86 ($128,994.13). 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.