Just Energy Group (NYSE:JE) Rating Reiterated by Liberum Capital

Just Energy Group (NYSE:JE) (TSE:JE)‘s stock had its “buy” rating reissued by research analysts at Liberum Capital in a research note issued to investors on Monday, Stock Target Advisor reports.

JE has been the topic of several other research reports. Royal Bank of Canada reaffirmed a “hold” rating on shares of Just Energy Group in a research report on Friday, August 16th. CIBC raised shares of Just Energy Group from an “underperform” rating to a “hold” rating in a research report on Thursday, August 22nd. 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 16th. Canaccord Genuity lowered shares of Just Energy Group from a “buy” rating to a “hold” rating in a research report on Tuesday, October 8th. Finally, Zacks Investment Research raised shares of Just Energy Group from a “strong sell” rating to a “hold” rating in a research report on Thursday, October 17th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $5.75.

Shares of JE opened at $2.41 on Monday. The firm has a market cap of $363.31 million, a PE ratio of 20.08 and a beta of 1.22. The firm’s 50 day moving average price is $1.86 and its 200 day moving average price is $3.04. The company has a debt-to-equity ratio of 22.52, a quick ratio of 0.91 and a current ratio of 0.92. Just Energy Group has a twelve month low of $1.08 and a twelve month high of $4.42.

Just Energy Group (NYSE:JE) (TSE:JE) last issued its quarterly earnings data on Wednesday, August 14th. The utilities provider reported ($1.82) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($1.89). The business had revenue of $670.17 million for the quarter, compared to the consensus estimate of $911.86 million. Just Energy Group had a negative net margin of 9.76% and a negative return on equity of 325.10%. Just Energy Group’s revenue was down 4.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.45) EPS. On average, sell-side analysts anticipate that Just Energy Group will post -1.38 earnings per share for the current fiscal year.

Several large investors have recently added to or reduced their stakes in JE. Campbell & CO Investment Adviser LLC acquired a new position in shares of Just Energy Group in the 2nd quarter worth approximately $231,000. PenderFund Capital Management Ltd. acquired a new position in shares of Just Energy Group in the 2nd quarter worth approximately $21,930,000. Intact Investment Management Inc. grew its stake in shares of Just Energy Group by 4.0% in the 2nd quarter. Intact Investment Management Inc. now owns 1,058,800 shares of the utilities provider’s stock worth $5,887,000 after purchasing an additional 40,800 shares during the last quarter. OMERS ADMINISTRATION Corp acquired a new position in shares of Just Energy Group in the 2nd quarter worth approximately $134,000. Finally, Bank of Montreal Can boosted its holdings in shares of Just Energy Group by 12.2% in the second quarter. Bank of Montreal Can now owns 3,311,477 shares of the utilities provider’s stock worth $14,240,000 after buying an additional 359,953 shares during the period. 28.96% of the stock is currently owned by 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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