Just Group (LON:JUST) Reaches New 52-Week High After Dividend Announcement

Just Group plc (LON:JUST) reached a new 52-week high during mid-day trading on Wednesday after the company announced a dividend. The company traded as high as GBX 139 ($1.77) and last traded at GBX 134.40 ($1.72), with a volume of 8891135 shares trading hands. The stock had previously closed at GBX 117.40 ($1.50).

The newly announced dividend which will be paid on Friday, October 4th. Stockholders of record on Thursday, August 22nd will be paid a GBX 0.70 ($0.01) dividend. The ex-dividend date of this dividend is Thursday, August 22nd. This represents a dividend yield of 0.6%. Just Group’s dividend payout ratio is currently 1,818.18%.

Analyst Upgrades and Downgrades

Separately, Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a GBX 110 ($1.40) target price on shares of Just Group in a research report on Wednesday.

Just Group Stock Up 0.4 %

The firm has a market cap of £1.46 billion, a price-to-earnings ratio of 1,272.73, a PEG ratio of 0.47 and a beta of 1.64. The business’s 50-day moving average is GBX 110.77 and its 200-day moving average is GBX 101.85. The company has a debt-to-equity ratio of 271.32, a quick ratio of 4.87 and a current ratio of 9.53.

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.