Just Energy Group Inc (NYSE:JE) Receives Average Recommendation of “Hold” from Analysts

Shares of Just Energy Group Inc (NYSE:JE) (TSE:JE) have been assigned a consensus rating of “Hold” from the ten analysts that are currently covering the firm, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $6.00.

Several equities research analysts have recently commented on the stock. B. Riley set a $6.00 price objective on shares of Just Energy Group and gave the stock a “buy” rating in a research note on Friday, August 16th. ValuEngine upgraded shares of Just Energy Group from a “hold” rating to a “buy” rating in a research note on Wednesday, October 2nd. CIBC upgraded shares of Just Energy Group from an “underperform” rating to a “hold” rating in a research note on Thursday, August 22nd. Royal Bank of Canada reiterated a “hold” rating on shares of Just Energy Group in a research note on Friday, August 16th. Finally, Canaccord Genuity downgraded shares of Just Energy Group from a “buy” rating to a “hold” rating in a research note on Tuesday, October 8th.

Shares of NYSE:JE opened at $2.37 on Monday. The company has a current ratio of 0.92, a quick ratio of 0.91 and a debt-to-equity ratio of 22.52. Just Energy Group has a 12 month low of $1.08 and a 12 month high of $4.42. The company has a 50-day moving average price of $1.76 and a 200 day moving average price of $3.06. The company has a market cap of $352.71 million, a price-to-earnings ratio of 19.75 and a beta of 1.22.

Just Energy Group (NYSE:JE) (TSE:JE) last released its quarterly earnings results on Wednesday, August 14th. The utilities provider reported ($1.82) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($1.89). Just Energy Group had a negative return on equity of 325.10% and a negative net margin of 9.76%. The firm had revenue of $670.17 million during the quarter, compared to analysts’ expectations of $911.86 million. During the same period in the prior year, the firm posted ($0.45) earnings per share. Just Energy Group’s revenue for the quarter was down 4.6% compared to the same quarter last year. As a group, equities analysts forecast that Just Energy Group will post -1.38 EPS for the current year.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Jane Street Group LLC raised its position in shares of Just Energy Group by 36.9% in the second quarter. Jane Street Group LLC now owns 22,186 shares of the utilities provider’s stock worth $95,000 after acquiring an additional 5,985 shares during the period. Invesco Ltd. raised its position in shares of Just Energy Group by 3.6% in the second quarter. Invesco Ltd. now owns 171,760 shares of the utilities provider’s stock worth $738,000 after acquiring an additional 6,039 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in shares of Just Energy Group in the second quarter worth about $46,000. A.R.T. Advisors LLC acquired a new position in shares of Just Energy Group in the second quarter worth about $73,000. Finally, Susquehanna International Group LLP raised its position in shares of Just Energy Group by 172.9% in the second quarter. Susquehanna International Group LLP now owns 27,981 shares of the utilities provider’s stock worth $120,000 after acquiring an additional 17,727 shares during the period. Institutional investors own 28.96% 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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Analyst Recommendations for Just Energy Group (NYSE:JE)

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