Just Group (LON:JUST) Stock Price Down 14.7% – Here’s What Happened

Shares of Just Group plc (LON:JUST) dropped 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). Approximately 21,008,035 shares changed hands during mid-day trading, an increase of 254% from the average daily volume of 5,942,002 shares. The stock had previously closed at GBX 163.20 ($2.11).

Wall Street Analyst Weigh In

JUST has been the topic of a number of research analyst reports. Royal Bank of Canada upped their target price on shares of Just Group from GBX 190 ($2.46) to GBX 200 ($2.58) and gave the company an “outperform” rating in a report on Friday. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 200 ($2.58) target price on shares of Just Group in a report on Friday.

Just Group Stock Performance

The stock’s 50-day simple moving average is GBX 159.82 and its 200-day simple moving average is GBX 149.68. The stock has a market cap of £1.54 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth 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.

Just Group (LON:JUST) last announced its earnings results on Friday, March 7th. The company reported GBX 36 ($0.47) earnings per share (EPS) 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 plc will post 38.3510638 earnings per share for the current fiscal year.

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.