HC Wainwright set a $7.00 target price on Just Energy Group (NYSE:JE) (TSE:JE) in a research note issued to investors on Friday. The brokerage currently has a buy rating on the utilities provider’s stock.

Several other research firms have also issued reports on JE. National Bank Financial lowered shares of Just Energy Group from an outperform rating to a sector perform rating in a research report on Tuesday, August 21st. B. Riley set a $6.00 price target on shares of Just Energy Group and gave the stock a buy rating in a research report on Friday, August 10th. TD Securities restated a buy rating and issued a $5.00 price target on shares of Just Energy Group in a research report on Thursday. CIBC lowered shares of Just Energy Group from a sector outperform rating to a neutral rating in a research report on Friday, August 10th. Finally, ValuEngine lowered shares of Just Energy Group from a sell rating to a strong sell rating in a research report on Thursday, August 2nd. Two analysts have rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Just Energy Group has a consensus rating of Hold and an average target price of $5.60.

NYSE:JE traded up $0.01 during midday trading on Friday, hitting $3.78. 480,729 shares of the stock were exchanged, compared to its average volume of 201,396. Just Energy Group has a one year low of $2.80 and a one year high of $5.09. The stock has a market cap of $509.10 million, a price-to-earnings ratio of 3.20 and a beta of 0.11. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.37 and a quick ratio of 1.34.

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

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Cubist Systematic Strategies LLC bought a new stake in Just Energy Group in the first quarter valued at about $109,000. Guggenheim Capital LLC bought a new stake in Just Energy Group in the first quarter valued at about $317,000. Ardsley Advisory Partners bought a new stake in Just Energy Group in the second quarter valued at about $452,000. CIBC World Markets Inc. increased its stake in Just Energy Group by 8.4% in the third quarter. CIBC World Markets Inc. now owns 206,694 shares of the utilities provider’s stock valued at $641,000 after acquiring an additional 16,030 shares during the period. Finally, Toronto Dominion Bank increased its stake in Just Energy Group by 20.3% in the third quarter. Toronto Dominion Bank now owns 683,372 shares of the utilities provider’s stock valued at $2,121,000 after acquiring an additional 115,402 shares during the period. 23.15% of the stock is currently owned by institutional investors and hedge funds.

About Just Energy Group

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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