Just Group's share price outlook appears positive
Shares in the FTSE 250 company are trading at their highest in over five years. Independent analyst Alistair Strang has run the numbers and thinks they could do even better.
28th January 2025 07:26
by Alistair Strang from Trends and Targets
We’re inclined toward optimism regarding Just Group (LSE:JUST)'s share price. On Wikipedia, the company is listed as providing, among other things, annuities to retirees with serious health conditions such as heart disease or heavy smokers.
- Invest with ii: Open a Stocks & Shares ISA | ISA Investment Ideas | Transfer a Stocks & Shares ISA
Currently, above 165p should prove useful, capable of provoking share price movement to an initial 173p. If beaten, our longer-term secondary works out at 190p and, visually, some hesitation. But overall, with closure above 173p, we shall regard the share as being influenced by a distant looking 254p.
It is interesting to note the share price recently enacted a classic Gap Down / Gap Up movement and, to apply our usual criteria, this should mean the share price is indeed heading to an encouraging 190p. It will be interesting to see what happens as this is one of the rare occasions where we’re showing the share price dance steps publicly in advance.
Should things intend to go horribly wrong, share price closure below 144p shall ring alarm bells, taking the share into a zone where reversal to an initial 103p with secondary, if broken, at 90p.
But according to a big in-house rule, this is going to 190p. Allegedly!
Source: Trends and Targets. Past performance is not a guide to future performance.
Alistair Strang has led high-profile and "top secret" software projects since the late 1970s and won the original John Logie Baird Award for inventors and innovators. After the financial crash, he wanted to know "how it worked" with a view to mimicking existing trading formulas and predicting what was coming next. His results speak for themselves as he continually refines the methodology.
Alistair Strang is a freelance contributor and not a direct employee of Interactive Investor. All correspondence is with Alistair Strang, who for these purposes is deemed a third-party supplier. Buying, selling and investing in shares is not without risk. Market and company movement will affect your performance and you may get back less than you invest. Neither Alistair Strang or Interactive Investor will be responsible for any losses that may be incurred as a result of following a trading idea.Â
These articles are provided for information purposes only. Â Occasionally, an opinion about whether to buy or sell a specific investment may be provided by third parties. Â The content is not intended to be a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy as it is not provided based on an assessment of your investing knowledge and experience, your financial situation or your investment objectives. The value of your investments, and the income derived from them, may go down as well as up. You may not get back all the money that you invest. The investments referred to in this article may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser.
Full performance can be found on the company or index summary page on the interactive investor website. Simply click on the company's or index name highlighted in the article.