HC Wainwright Analysts Give Just Energy Group (JE) a $7.00 Price Target

HC Wainwright set a $7.00 target price on Just Energy Group (NYSE:JE) (TSE:JE) in a report released on Friday. The brokerage currently has a buy rating on the utilities provider’s stock.

Other analysts have also recently issued reports about the stock. B. Riley set a $6.00 target price on shares of Just Energy Group and gave the company a buy rating in a research note on Friday, May 18th. Zacks Investment Research cut shares of Just Energy Group from a strong-buy rating to a hold rating in a research note on Thursday, April 12th. Canaccord Genuity cut shares of Just Energy Group from a buy rating to a hold rating and set a $3.86 target price for the company. in a research note on Thursday, May 17th. Finally, ValuEngine cut shares of Just Energy Group from a hold rating to a sell rating in a research note on Wednesday, May 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and five have assigned a buy rating to the company’s stock. Just Energy Group currently has an average rating of Hold and a consensus target price of $5.72.

Shares of JE opened at $3.29 on Friday. Just Energy Group has a 52 week low of $3.25 and a 52 week high of $5.91. The company has a market cap of $491.78 million, a P/E ratio of 3.27 and a beta of 0.54. The company has a current ratio of 1.25, a quick ratio of 1.23 and a debt-to-equity ratio of 1.83.

Just Energy Group (NYSE:JE) (TSE:JE) last posted its earnings results on Wednesday, May 16th. The utilities provider reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.03. The firm had revenue of $802.97 million during the quarter, compared to analysts’ expectations of $839.07 million. Just Energy Group had a net margin of 9.98% and a negative return on equity of 745.08%. equities research analysts predict that Just Energy Group will post 0.53 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of JE. Cubist Systematic Strategies LLC acquired a new stake in Just Energy Group in the first quarter valued at approximately $109,000. Hsbc Holdings PLC acquired a new stake in shares of Just Energy Group in the first quarter worth $116,000. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Just Energy Group in the first quarter worth $123,000. ClariVest Asset Management LLC acquired a new stake in shares of Just Energy Group in the first quarter worth $239,000. Finally, CLARET ASSET MANAGEMENT Corp lifted its stake in shares of Just Energy Group by 43.0% in the first quarter. CLARET ASSET MANAGEMENT Corp now owns 55,143 shares of the utilities provider’s stock worth $243,000 after buying an additional 16,585 shares during the last quarter. Hedge funds and other institutional investors own 24.85% of the company’s stock.

About Just Energy Group

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.

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Analyst Recommendations for Just Energy Group (NYSE:JE)

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