When Just Retirement and Partnership Assurance merged we placed our forecasts, recommendation and target price under review. In this note we reinitiate coverage with a Buy recommendation and publish revised forecasts based on the combined business. We anticipate that the £40m of cost synergies will make a significant difference to the business and that this will result in a material increase in new business profitability. The growth outlook for JRP is good and we believe that it has suf

05 Jul 2016
JRP – A Just Partnership.

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JRP – A Just Partnership.
Just Group plc (JUST:LON) | 137 0 0.0% | Mkt Cap: 1,423m
- Published:
05 Jul 2016 -
Author:
Barrie Cornes -
Pages:
17 -
When Just Retirement and Partnership Assurance merged we placed our forecasts, recommendation and target price under review. In this note we reinitiate coverage with a Buy recommendation and publish revised forecasts based on the combined business. We anticipate that the £40m of cost synergies will make a significant difference to the business and that this will result in a material increase in new business profitability. The growth outlook for JRP is good and we believe that it has suf