Just Energy Group (JE) Upgraded to “Outperform” by CIBC
CIBC upgraded shares of Just Energy Group (TSE:JE) (NYSE:JE) from a neutral rating to an outperform rating in a report published on Thursday morning. CIBC currently has C$6.50 price target on the stock, down from their prior price target of C$7.50.
Several other equities analysts have also recently weighed in on the stock. TD Securities cut shares of Just Energy Group from a buy rating to a hold rating and decreased their target price for the company from C$9.50 to C$6.50 in a research note on Friday, November 10th. Royal Bank of Canada raised shares of Just Energy Group from a sector perform rating to an outperform rating and decreased their target price for the company from C$7.50 to C$7.00 in a research note on Monday, December 18th. Finally, National Bank Financial decreased their target price on shares of Just Energy Group from C$6.25 to C$6.00 and set a sector perform rating for the company in a research note on Monday, November 27th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. Just Energy Group has an average rating of Buy and a consensus price target of C$6.50.
Just Energy Group (TSE:JE) opened at C$5.67 on Thursday. Just Energy Group has a 52 week low of C$4.84 and a 52 week high of C$8.62. The firm has a market cap of $832.65, a price-to-earnings ratio of 5.02 and a beta of 0.49.
In other Just Energy Group news, insider Morgan Smith purchased 10,000 shares of the business’s stock in a transaction on Tuesday, December 12th. The stock was acquired at an average price of C$4.15 per share, with a total value of C$41,500.00. Also, insider Ron Joyce purchased 100,000 shares of the business’s stock in a transaction on Monday, November 27th. The shares were acquired at an average cost of C$5.35 per share, with a total value of C$535,000.00.
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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.
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