Just Energy Group (NYSE:JE) (TSE:JE) has been given a $6.00 price objective by stock analysts at B. Riley in a research note issued to investors on Friday. The brokerage presently has a “buy” rating on the utilities provider’s stock. B. Riley’s price target indicates a potential upside of 58.73% from the company’s current price.
A number of other equities analysts have also recently commented on JE. National Bank Financial cut Just Energy Group from an “outperform” rating to a “sector perform” rating in a report on Tuesday, August 21st. TD Securities restated a “buy” rating and set a $5.00 price objective on shares of Just Energy Group in a research report on Thursday. CIBC downgraded shares of Just Energy Group from a “sector outperform” rating to a “neutral” rating in a research report on Friday, August 10th. HC Wainwright restated a “buy” rating and set a $7.00 price objective on shares of Just Energy Group in a research report on Friday, September 14th. Finally, ValuEngine downgraded shares of Just Energy Group from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $5.60.
Shares of NYSE JE traded up $0.01 during mid-day trading on Friday, hitting $3.78. The company had a trading volume of 480,729 shares, compared to its average volume of 292,161. The stock has a market capitalization of $506.11 million, a price-to-earnings ratio of 3.20 and a beta of 0.11. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.37 and a quick ratio of 1.34. Just Energy Group has a one year low of $2.80 and a one year high of $5.09.
A number of hedge funds have recently modified their holdings of the business. Guggenheim Capital LLC acquired a new stake in shares of Just Energy Group in the first quarter valued at approximately $317,000. Cubist Systematic Strategies LLC acquired a new stake in shares of Just Energy Group in the first quarter valued at approximately $109,000. Bank of Montreal Can acquired a new stake in shares of Just Energy Group in the second quarter valued at approximately $8,479,000. Acadian Asset Management LLC acquired a new stake in shares of Just Energy Group in the second quarter valued at approximately $6,252,000. Finally, Intact Investment Management Inc. raised its position in shares of Just Energy Group by 26.6% in the second quarter. Intact Investment Management Inc. now owns 1,282,800 shares of the utilities provider’s stock valued at $6,068,000 after buying an additional 269,900 shares in the last quarter. Hedge funds and other institutional investors own 23.15% 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.
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