Just Group (LON:JUST) Shares Down 2.3% – What’s Next?

Just Group plc (LON:JUST) shares dropped 2.3% on Monday . The stock traded as low as GBX 143.80 ($1.86) and last traded at GBX 147 ($1.90). Approximately 2,443,175 shares were traded during trading, a decline of 79% from the average daily volume of 11,674,517 shares. The stock had previously closed at GBX 150.40 ($1.94).

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on JUST. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 200 ($2.58) price objective on shares of Just Group in a report on Friday, March 7th. Royal Bank of Canada lifted their price target on shares of Just Group from GBX 190 ($2.45) to GBX 200 ($2.58) and gave the company an “outperform” rating in a research note on Friday, March 7th.

Just Group Price Performance

The stock has a market capitalization of £1.54 billion, a P/E ratio of 17.10, a price-to-earnings-growth ratio of 0.47 and a beta of 1.51. The company has a debt-to-equity ratio of 43.09, a current ratio of 2.30 and a quick ratio of 4.87. The company’s 50-day simple moving average is GBX 157.31 and its 200-day simple moving average is GBX 150.25.

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

Just Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 14th. Shareholders of record on Thursday, April 10th will be paid a GBX 1.80 ($0.02) dividend. This is a positive change from Just Group’s previous dividend of $0.70. The ex-dividend date is Thursday, April 10th. This represents a yield of 1.24%. Just Group’s dividend payout ratio is currently 23.27%.

Insider Transactions at Just Group

In other news, insider Mark Godson purchased 66,086 shares of the company’s stock in a transaction that occurred on Friday, March 7th. The stock was acquired at an average cost of GBX 151 ($1.95) per share, with a total value of £99,789.86 ($128,927.47). 1.99% of the stock is currently owned by corporate insiders.

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.