Just Energy Group Inc (NYSE:JE) Receives $6.00 Consensus PT from Analysts

Shares of Just Energy Group Inc (NYSE:JE) (TSE:JE) have been assigned a consensus rating of “Hold” from the ten brokerages that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $6.00.

JE has been the topic of several research analyst reports. CIBC raised shares of Just Energy Group from an “underperform” rating to a “hold” rating in a research note on Thursday, August 22nd. TheStreet cut shares of Just Energy Group from a “c-” rating to a “d” rating in a research note on Wednesday, June 5th. ValuEngine cut shares of Just Energy Group from a “sell” rating to a “strong sell” rating in a research note on Monday, July 29th. Zacks Investment Research cut shares of Just Energy Group from a “hold” rating to a “strong sell” rating in a research note on Wednesday, August 21st. Finally, Royal Bank of Canada reaffirmed a “hold” rating on shares of Just Energy Group in a research note on Friday, August 16th.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. PenderFund Capital Management Ltd. acquired a new position in Just Energy Group in the second quarter valued at approximately $21,930,000. Bank of Montreal Can lifted its holdings in 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 valued at $14,240,000 after buying an additional 359,953 shares during the period. Renaissance Technologies LLC lifted its holdings in Just Energy Group by 13.3% in the second quarter. Renaissance Technologies LLC now owns 1,590,070 shares of the utilities provider’s stock valued at $6,837,000 after buying an additional 186,700 shares during the period. Citadel Advisors LLC lifted its holdings in Just Energy Group by 376.8% in the second quarter. Citadel Advisors LLC now owns 176,304 shares of the utilities provider’s stock valued at $758,000 after buying an additional 139,329 shares during the period. Finally, Vanguard Group Inc. lifted its holdings in Just Energy Group by 4.8% in the second quarter. Vanguard Group Inc. now owns 2,658,311 shares of the utilities provider’s stock valued at $11,430,000 after buying an additional 122,284 shares during the period. 28.97% of the stock is currently owned by institutional investors and hedge funds.

Just Energy Group stock traded down $0.21 during trading hours on Thursday, hitting $2.16. 2,451,500 shares of the stock were exchanged, compared to its average volume of 615,891. The company has a debt-to-equity ratio of 22.52, a quick ratio of 0.91 and a current ratio of 0.92. The stock has a market capitalization of $368.90 million, a P/E ratio of 18.00 and a beta of 1.13. Just Energy Group has a 12 month low of $1.08 and a 12 month high of $4.42. The business’s 50-day moving average is $1.60 and its two-hundred day moving average is $3.17.

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 Thomson Reuters’ consensus estimate of $0.07 by ($1.89). The firm had revenue of $670.17 million for the quarter, compared to the consensus estimate of $911.86 million. Just Energy Group had a negative return on equity of 325.10% and a negative net margin of 9.76%. Just Energy Group’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.45) earnings per share. On average, equities analysts predict that Just Energy Group will post -1.38 earnings per share for the current fiscal year.

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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