TD Securities Downgrades Just Energy Group Inc (JE) to Buy

Just Energy Group Inc (TSE:JE) (NYSE:JE) was downgraded by equities researchers at TD Securities from an “action list buy” rating to a “buy” rating in a note issued to investors on Saturday. They presently have a C$9.50 price target on the stock, down from their prior price target of C$11.00. TD Securities’ price objective points to a potential upside of 31.58% from the company’s current price.

A number of other research analysts have also weighed in on the company. Canaccord Genuity restated a “buy” rating on shares of Just Energy Group in a report on Friday. Royal Bank of Canada decreased their price objective on Just Energy Group from C$8.00 to C$7.50 and set a “sector perform” rating on the stock in a report on Friday.

Shares of Just Energy Group (TSE:JE) opened at 7.22 on Friday. The company has a market cap of $1.07 billion and a PE ratio of 2.49. The company has a 50-day moving average of $8.27 and a 200 day moving average of $7.68. Just Energy Group has a 12 month low of $6.41 and a 12 month high of $8.73.

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Just Energy Group Company Profile

Just Energy Group Inc (Just Energy) is an energy management solutions provider engaged in electricity, natural gas, solar and green energy. The Company’s segments include Consumer Energy and Commercial Energy. The Company operates in the United States, Canada and the United Kingdom, offering a range of energy products, including long-term fixed-price, variable rate and flat bill programs; home energy management services, including smart thermostats and tools to manage energy use at the appliance level, and residential solar panel installations.

12 Month Chart for TSE:JE

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