Just Energy Group (NYSE:JE) (TSE:JE) was downgraded by investment analysts at CIBC from a “sector outperform” rating to a “neutral” rating in a research note issued to investors on Friday, MarketBeat Ratings reports.
JE has been the subject of several other research reports. B. Riley set a $6.00 target price on Just Energy Group and gave the stock a “buy” rating in a research note on Friday, May 18th. Canaccord Genuity downgraded Just Energy Group from a “buy” rating to a “hold” rating and set a $3.86 price target for the company. in a research report on Thursday, May 17th. Zacks Investment Research downgraded Just Energy Group from a “strong-buy” rating to a “hold” rating in a research report on Thursday, April 12th. ValuEngine downgraded Just Energy Group from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, HC Wainwright set a $10.00 price target on Just Energy Group and gave the company a “buy” rating in a research report on Friday, May 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. Just Energy Group currently has a consensus rating of “Hold” and a consensus target price of $5.72.
NYSE JE traded down $0.27 during trading hours on Friday, hitting $3.30. The company had a trading volume of 720,167 shares, compared to its average volume of 195,041. Just Energy Group has a 52 week low of $3.29 and a 52 week high of $5.91. The company has a quick ratio of 1.23, a current ratio of 1.25 and a debt-to-equity ratio of 1.83. The company has a market cap of $532.02 million, a P/E ratio of 3.53 and a beta of 0.54.
A number of large investors have recently added to or reduced their stakes in the stock. CIBC World Markets Inc. increased its stake in Just Energy Group by 17.6% in the 2nd quarter. CIBC World Markets Inc. now owns 190,664 shares of the utilities provider’s stock worth $690,000 after purchasing an additional 28,506 shares during the period. Intact Investment Management Inc. increased its stake in Just Energy Group by 26.6% in the 2nd quarter. Intact Investment Management Inc. now owns 1,282,800 shares of the utilities provider’s stock worth $6,068,000 after purchasing an additional 269,900 shares during the period. Acadian Asset Management LLC purchased a new position in Just Energy Group in the 2nd quarter worth approximately $6,252,000. Bank of Montreal Can purchased a new position in Just Energy Group in the 2nd quarter worth approximately $8,479,000. Finally, Cubist Systematic Strategies LLC purchased a new position in Just Energy Group in the 1st quarter worth approximately $109,000. Institutional investors own 26.12% of the company’s stock.
Just Energy Group Company Profile
Just Energy Group Inc, through its subsidiaries, provides electricity, natural gas, and renewable energy solutions in the United States, Canada, the United Kingdom, Ireland, Germany, and Japan. It operates through Consumer Energy and Commercial Energy segments. The company offers various home and business energy solutions, including long-term fixed-price, variable-price, and flat-bill solutions to residential and commercial customers.
Further Reading: Average Daily Trade Volume Explained
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