Just Energy Group (TSE:JE) (NYSE:JE) was downgraded by investment analysts at National Bank Financial from a “sector perform” rating to an “underperform” rating in a report released on Tuesday, BayStreet.CA reports. They currently have a C$1.75 target price on the stock, down from their previous target price of C$10.00. National Bank Financial’s price objective would indicate a potential downside of 61.54% from the company’s current price.
A number of other equities research analysts also recently weighed in on the company. Royal Bank of Canada downgraded Just Energy Group from a “sector perform” rating to an “underperform” rating and lowered their target price for the stock from C$10.00 to C$2.00 in a report on Tuesday. CIBC reissued an “underperform” rating and issued a C$10.00 price objective on shares of Just Energy Group in a research note on Tuesday.
JE stock traded down C$0.41 during mid-day trading on Tuesday, reaching C$4.55. The company’s stock had a trading volume of 818,705 shares, compared to its average volume of 663,550. The company has a market cap of C$218.63 million and a price-to-earnings ratio of -0.23. The business’s 50 day moving average price is C$7.97 and its 200 day moving average price is C$5.34. The company has a current ratio of 0.95, a quick ratio of 0.55 and a debt-to-equity ratio of 2,374.38. Just Energy Group has a 12 month low of C$4.32 and a 12 month high of C$45.54.
Just Energy Group Inc, through its subsidiaries, provides electricity and natural gas commodities in the United States, Canada, and internationally. It operates through Consumer and Commercial segments. The company offers longer-term price-protected, flat-bill, and variable rate product offerings, as well as Just Green products; smart thermostats; and subscription-based home water filtration systems, including under-counter and whole-home water filtration solution It also provides business electricity and natural gas plans, LED retrofit solutions, smart building controls, commercial energy rates, affinity programs, energy monitoring and sub-metering products, energy analytics solutions, HVAC control system, and lighting controls.
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