Royal Bank of Canada upgraded shares of Just Energy Group (TSE:JE) (NYSE:JE) from a sector perform rating to an outperform rating in a report published on Monday. Royal Bank of Canada currently has C$7.00 price objective on the stock, down from their previous price objective of C$7.50.
Several other equities research analysts have also commented on the stock. National Bank Financial decreased their price objective on shares of Just Energy Group from C$6.25 to C$6.00 and set a sector perform rating for the company in a research note on Monday, November 27th. TD Securities lowered shares of Just Energy Group from a buy rating to a hold rating and decreased their price objective for the company from C$9.50 to C$6.50 in a research note on Friday, November 10th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of C$6.50.
Just Energy Group (TSE JE) opened at C$5.57 on Monday. Just Energy Group has a 1 year low of C$5.16 and a 1 year high of C$8.62.
In related news, insider Morgan Smith purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was bought at an average price of C$4.15 per share, for a total transaction of C$41,500.00. Also, insider Ron Joyce purchased 100,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were bought at an average price of C$5.35 per share, with a total value of C$535,000.00.
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Just Energy Group Company Profile
Just Energy Group Inc (Just Energy) is an energy management solutions provider engaged in electricity, natural gas, solar and green energy. The Company’s segments include Consumer Energy and Commercial Energy. The Company operates in the United States, Canada and the United Kingdom, offering a range of energy products, including long-term fixed-price, variable rate and flat bill programs; home energy management services, including smart thermostats and tools to manage energy use at the appliance level, and residential solar panel installations.
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