Just Energy Group Inc (JE) Given Average Rating of “Hold” by Analysts

Shares of Just Energy Group Inc (TSE:JE) (NYSE:JE) have earned a consensus rating of “Hold” from the six ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is C$5.20.

A number of analysts have commented on JE shares. Royal Bank of Canada lowered Just Energy Group from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from C$5.00 to C$5.50 in a report on Wednesday, December 12th. CIBC decreased their price objective on Just Energy Group from C$5.00 to C$4.75 in a report on Wednesday, October 24th. National Bank Financial reissued a “sector perform” rating and set a C$4.50 price objective on shares of Just Energy Group in a report on Wednesday, October 3rd. Canaccord Genuity raised Just Energy Group from a “hold” rating to a “speculative buy” rating and boosted their price objective for the stock from C$4.50 to C$5.50 in a report on Tuesday, November 13th. Finally, TD Securities boosted their target price on Just Energy Group from C$4.50 to C$5.00 in a research note on Thursday, November 8th.

Shares of TSE:JE traded down C$0.10 during midday trading on Friday, reaching C$4.84. The company’s stock had a trading volume of 118,629 shares, compared to its average volume of 267,858. Just Energy Group has a fifty-two week low of C$3.66 and a fifty-two week high of C$6.42. The company has a debt-to-equity ratio of 485.20, a current ratio of 1.27 and a quick ratio of 0.82.

The business also recently announced a quarterly dividend, which was paid on Monday, December 31st. Shareholders of record on Monday, December 17th were given a dividend of $0.125 per share. The ex-dividend date of this dividend was Friday, December 14th. This represents a $0.50 annualized dividend and a dividend yield of 10.33%. Just Energy Group’s dividend payout ratio is currently 21.35%.

In other news, insider Patrick Mccullough purchased 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 12th. The shares were purchased at an average price of C$3.68 per share, with a total value of C$36,800.00.

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.

See Also: How are Outstanding Shares Different from Authorized Shares?

Analyst Recommendations for Just Energy Group (TSE:JE)

Receive News & Ratings for Just Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Just Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply