Shares of Just Energy Group, Inc. (NYSE:JE) (TSE:JE) have been assigned an average rating of “Buy” from the seven ratings firms that are covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $8.19.

JE has been the subject of a number of recent analyst reports. Zacks Investment Research lowered Just Energy Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. BidaskClub raised Just Energy Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Canaccord Genuity reissued a “hold” rating and issued a $7.25 price objective on shares of Just Energy Group in a report on Monday, October 16th. ValuEngine raised Just Energy Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, HC Wainwright set a $10.00 price objective on Just Energy Group and gave the stock a “buy” rating in a report on Friday, August 11th.

A number of hedge funds and other institutional investors have recently modified their holdings of JE. Arrowstreet Capital Limited Partnership bought a new position in Just Energy Group during the 2nd quarter valued at $4,414,000. Acadian Asset Management LLC boosted its stake in Just Energy Group by 7.1% during the 2nd quarter. Acadian Asset Management LLC now owns 3,714,007 shares of the utilities provider’s stock valued at $19,447,000 after purchasing an additional 246,280 shares in the last quarter. TD Asset Management Inc. boosted its stake in Just Energy Group by 3.4% during the 2nd quarter. TD Asset Management Inc. now owns 5,321,834 shares of the utilities provider’s stock valued at $27,865,000 after purchasing an additional 173,500 shares in the last quarter. Intact Investment Management Inc. boosted its stake in Just Energy Group by 7.1% during the 2nd quarter. Intact Investment Management Inc. now owns 2,363,943 shares of the utilities provider’s stock valued at $16,050,000 after purchasing an additional 157,100 shares in the last quarter. Finally, Bank of Montreal Can boosted its stake in Just Energy Group by 5.8% during the 2nd quarter. Bank of Montreal Can now owns 2,703,926 shares of the utilities provider’s stock valued at $14,169,000 after purchasing an additional 148,637 shares in the last quarter. 28.99% of the stock is owned by hedge funds and other institutional investors.

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Just Energy Group (NYSE:JE) traded down 1.07% during mid-day trading on Thursday, hitting $5.56. The company had a trading volume of 55,206 shares. Just Energy Group has a 52-week low of $4.83 and a 52-week high of $6.35. The stock’s 50 day moving average price is $5.73 and its 200 day moving average price is $5.58. The firm has a market cap of $816.16 million, a P/E ratio of 15.36 and a beta of 1.05.

About Just Energy Group

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.

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