Just Energy Group (JE) Stock Rating Upgraded by ValuEngine

Just Energy Group (NYSE:JE) (TSE:JE) was upgraded by investment analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a report issued on Friday.

Several other analysts have also commented on JE. HC Wainwright set a $7.00 price target on shares of Just Energy Group and gave the company a “buy” rating in a research report on Friday, August 10th. CIBC lowered shares of Just Energy Group from a “sector outperform” rating to a “neutral” rating in a research report on Friday, August 10th. B. Riley set a $6.00 price target on shares of Just Energy Group and gave the company a “buy” rating in a research report on Friday, August 10th. Zacks Investment Research lowered shares of Just Energy Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 14th. Finally, National Bank Financial lowered shares of Just Energy Group from an “outperform” rating to a “sector perform” rating in a research report on Tuesday, August 21st. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and five have given a buy rating to the company’s stock. Just Energy Group presently has a consensus rating of “Hold” and a consensus price target of $5.47.

JE opened at $4.11 on Friday. The company has a debt-to-equity ratio of 3.88, a quick ratio of 1.22 and a current ratio of 1.27. Just Energy Group has a 1-year low of $2.80 and a 1-year high of $5.09. The company has a market capitalization of $600.17 million, a price-to-earnings ratio of 3.48 and a beta of 0.11.

Several hedge funds have recently added to or reduced their stakes in the company. CIBC World Markets Inc. raised its position in shares of Just Energy Group by 8.4% during the 3rd quarter. CIBC World Markets Inc. now owns 206,694 shares of the utilities provider’s stock valued at $641,000 after buying an additional 16,030 shares during the period. Man Group plc raised its position in Just Energy Group by 4.2% in the third quarter. Man Group plc now owns 935,053 shares of the utilities provider’s stock valued at $2,901,000 after purchasing an additional 37,600 shares during the period. Advisors Capital Management LLC raised its position in Just Energy Group by 2.3% in the third quarter. Advisors Capital Management LLC now owns 1,814,803 shares of the utilities provider’s stock valued at $5,626,000 after purchasing an additional 41,379 shares during the period. Guggenheim Capital LLC purchased a new stake in Just Energy Group in the first quarter valued at approximately $317,000. Finally, Toronto Dominion Bank raised its position in Just Energy Group by 20.3% in the third 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. 24.79% of the stock is currently owned by hedge funds and other institutional investors.

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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