Several analysts have recently updated their ratings and price targets for Just Energy Group (NYSE: JE):

  • 8/14/2018 – Just Energy Group was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “sell” rating. According to Zacks, “Just Energy Group Inc. is engaged in the sale of natural gas and/or electricity to residential and commercial customers under long-term fixed-price and price-protected contracts. It also offers green products through its JustGreen and JustClean programs. Just Energy also sells and rents high efficiency and tankless water heaters, air conditioners and furnaces to Ontario residents. It also produces and sells wheat-based ethanol through its subsidiary Terra Grain Fuels. Just Energy Group Inc. is based in Toronto. “
  • 8/10/2018 – Just Energy Group was downgraded by analysts at CIBC from a “sector outperform” rating to a “neutral” rating.
  • 8/10/2018 – Just Energy Group was given a new $6.00 price target on by analysts at B. Riley. They now have a “buy” rating on the stock.
  • 8/10/2018 – Just Energy Group was given a new $7.00 price target on by analysts at HC Wainwright. They now have a “buy” rating on the stock.
  • 8/2/2018 – Just Energy Group was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.

JE stock traded down $0.02 during trading on Friday, hitting $3.05. The company had a trading volume of 2,510 shares, compared to its average volume of 271,312. The company has a debt-to-equity ratio of 1.83, a current ratio of 1.25 and a quick ratio of 1.23. The firm has a market cap of $491.78 million, a price-to-earnings ratio of 2.58 and a beta of 0.54. Just Energy Group Inc has a fifty-two week low of $3.03 and a fifty-two week high of $5.91.

Just Energy Group (NYSE:JE) (TSE:JE) last announced its quarterly earnings results on Wednesday, May 16th. The utilities provider reported $0.16 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.13 by $0.03. The business had revenue of $802.97 million for the quarter, compared to analyst estimates of $839.07 million. Just Energy Group had a negative return on equity of 745.08% and a net margin of 9.98%. research analysts anticipate that Just Energy Group Inc will post 0.53 earnings per share for the current year.

Hedge funds have recently made changes to their positions in the stock. Acadian Asset Management LLC acquired a new stake in Just Energy Group in the 2nd quarter valued at $6,252,000. Schroder Investment Management Group boosted its stake in Just Energy Group by 60.6% in the first quarter. Schroder Investment Management Group now owns 93,914 shares of the utilities provider’s stock worth $534,000 after purchasing an additional 35,449 shares in the last quarter. Intact Investment Management Inc. boosted its stake in Just Energy Group by 26.6% in the second quarter. Intact Investment Management Inc. now owns 1,282,800 shares of the utilities provider’s stock worth $6,068,000 after purchasing an additional 269,900 shares in the last quarter. Susquehanna Fundamental Investments LLC acquired a new position in Just Energy Group in the first quarter worth $123,000. Finally, Hsbc Holdings PLC acquired a new position in Just Energy Group in the first quarter worth $116,000. 24.85% of the stock is currently owned by institutional investors and hedge funds.

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: Fundamental Analysis

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