Just Energy Group (JE) Rating Reiterated by TD Securities

Just Energy Group (NYSE:JE) (TSE:JE)‘s stock had its “buy” rating reiterated by investment analysts at TD Securities in a research report issued on Thursday. They currently have a $5.00 target price on the utilities provider’s stock. TD Securities’ price target points to a potential upside of 32.28% from the stock’s previous close.

Several other brokerages have also issued reports on JE. ValuEngine lowered Just Energy Group from a “sell” rating to a “strong sell” rating in a research note on Thursday, August 2nd. HC Wainwright set a $7.00 target price on Just Energy Group and gave the company a “buy” rating in a research note on Friday, August 10th. CIBC lowered Just Energy Group from a “sector outperform” rating to a “neutral” rating in a research note on Friday, August 10th. B. Riley set a $6.00 target price on Just Energy Group and gave the company a “buy” rating in a research note on Friday, August 10th. Finally, Zacks Investment Research lowered Just Energy Group from a “hold” rating to a “sell” rating in a research note on Tuesday, August 14th. Two investment 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. Just Energy Group presently has a consensus rating of “Hold” and a consensus price target of $5.60.

Shares of JE traded up $0.01 during mid-day trading on Thursday, hitting $3.78. The stock had a trading volume of 480,729 shares, compared to its average volume of 201,396. The firm has a market cap of $509.10 million, a PE 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 52 week low of $2.80 and a 52 week high of $5.09.

Just Energy Group (NYSE:JE) (TSE:JE) last issued its earnings results on Wednesday, August 8th. The utilities provider reported ($0.03) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.08 by ($0.11). The firm had revenue of $679.25 million during the quarter, compared to the consensus estimate of $708.65 million. Just Energy Group had a net margin of 9.98% and a return on equity of 1,815.36%. Sell-side analysts anticipate that Just Energy Group will post 0.28 earnings per share for the current fiscal year.

Large investors have recently added to or reduced their stakes in the stock. Cubist Systematic Strategies LLC bought a new stake in shares of Just Energy Group during the 1st quarter valued at $109,000. Guggenheim Capital LLC bought a new stake in shares of Just Energy Group during the 1st quarter valued at $317,000. Ardsley Advisory Partners bought a new stake in shares of Just Energy Group during the 2nd quarter valued at $452,000. CIBC World Markets Inc. raised its stake in shares of Just Energy Group by 17.6% during the 2nd quarter. CIBC World Markets Inc. now owns 190,664 shares of the utilities provider’s stock valued at $690,000 after purchasing an additional 28,506 shares during the period. Finally, Toronto Dominion Bank raised its stake in shares of Just Energy Group by 20.3% during the 3rd quarter. Toronto Dominion Bank now owns 683,372 shares of the utilities provider’s stock valued at $2,121,000 after purchasing an additional 115,402 shares during the period. Institutional investors own 23.15% 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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