B. Riley set a $6.00 price objective on Just Energy Group (NYSE:JE) (TSE:JE) in a research note released on Friday. The firm currently has a buy rating on the utilities provider’s stock. B. Riley also issued estimates for Just Energy Group’s Q3 2020 earnings at $0.13 EPS, Q4 2020 earnings at $0.15 EPS and FY2020 earnings at $0.39 EPS.

A number of other equities analysts also recently issued reports on JE. ValuEngine downgraded shares of Just Energy Group from a sell rating to a strong sell rating in a report on Thursday, August 2nd. HC Wainwright set a $7.00 price objective on shares of Just Energy Group and gave the stock a buy rating in a report on Friday, August 10th. CIBC downgraded shares of Just Energy Group from a sector outperform rating to a neutral rating in a report on Friday, August 10th. Zacks Investment Research downgraded shares of Just Energy Group from a hold rating to a sell rating in a report on Tuesday, August 14th. Finally, National Bank Financial downgraded shares of Just Energy Group from an outperform rating to a sector perform rating in a report on Tuesday, August 21st. Two analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Just Energy Group currently has an average rating of Hold and an average price target of $5.60.

JE stock traded up $0.01 during midday trading on Friday, reaching $3.78. 480,729 shares of the company’s stock traded hands, compared to its average volume of 201,396. The firm has a market capitalization of $509.10 million, a PE ratio of 3.20 and a beta of 0.11. The company has a current ratio of 1.37, a quick ratio of 1.34 and a debt-to-equity ratio of 3.10. Just Energy Group has a 52 week low of $2.80 and a 52 week high of $5.09.

Just Energy Group (NYSE:JE) (TSE:JE) last announced its quarterly earnings results on Wednesday, August 8th. The utilities provider reported ($0.03) EPS for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.11). The business had revenue of $679.25 million for the quarter, compared to the consensus estimate of $708.65 million. Just Energy Group had a net margin of 9.98% and a return on equity of 1,815.36%. On average, equities analysts predict that Just Energy Group will post 0.28 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the business. CIBC World Markets Inc. boosted its holdings in shares of Just Energy Group by 8.4% in the 3rd quarter. CIBC World Markets Inc. now owns 206,694 shares of the utilities provider’s stock worth $641,000 after buying an additional 16,030 shares during the last quarter. Toronto Dominion Bank boosted its holdings in shares of Just Energy Group by 20.3% in the 3rd quarter. Toronto Dominion Bank now owns 683,372 shares of the utilities provider’s stock worth $2,121,000 after buying an additional 115,402 shares during the last quarter. Bank of Montreal Can boosted its holdings in shares of Just Energy Group by 54.2% in the 3rd quarter. Bank of Montreal Can now owns 3,611,145 shares of the utilities provider’s stock worth $11,194,000 after buying an additional 1,268,787 shares during the last quarter. Advisors Capital Management LLC boosted its holdings in shares of Just Energy Group by 2.3% in the 3rd quarter. Advisors Capital Management LLC now owns 1,814,803 shares of the utilities provider’s stock worth $5,626,000 after buying an additional 41,379 shares during the last quarter. Finally, Ardsley Advisory Partners purchased a new position in shares of Just Energy Group in the 2nd quarter worth about $452,000. 23.15% of the stock is currently owned by hedge funds and other institutional investors.

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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