National Bank Financial Raises Just Energy Group (JE) Price Target to C$5.00

Just Energy Group (TSE:JE) (NYSE:JE) had its target price increased by National Bank Financial from C$4.50 to C$5.00 in a research report released on Friday morning. The brokerage currently has a sector perform rating on the stock.

JE has been the subject of several other reports. Royal Bank of Canada reduced their price objective on Just Energy Group from C$6.00 to C$5.00 and set an outperform rating for the company in a research note on Friday, August 24th. CIBC reduced their price objective on Just Energy Group from C$5.00 to C$4.75 in a research note on Wednesday, October 24th. Canaccord Genuity reduced their price objective on Just Energy Group from C$5.25 to C$4.50 in a research note on Monday, August 20th. TD Securities increased their price objective on Just Energy Group from C$4.50 to C$5.00 in a research note on Thursday. Finally, HC Wainwright reissued a buy rating on shares of Just Energy Group in a research note on Friday, August 10th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company presently has a consensus rating of Buy and a consensus price target of C$4.85.

Just Energy Group stock traded up C$0.03 during mid-day trading on Friday, hitting C$4.99. The company’s stock had a trading volume of 1,044,900 shares, compared to its average volume of 397,982. The company has a debt-to-equity ratio of 309.54, a current ratio of 1.37 and a quick ratio of 0.98. Just Energy Group has a 52-week low of C$3.66 and a 52-week high of C$6.42.

Just Energy Group (TSE:JE) (NYSE:JE) last announced its quarterly earnings data on Wednesday, August 8th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.11 by C($0.15). The company had revenue of C$876.46 million during the quarter, compared to analysts’ expectations of C$913.00 million. On average, equities analysts forecast that Just Energy Group will post 0.689999980524194 earnings per share for the current fiscal year.

In other news, Director M. Dallas H. Ross purchased 11,900 shares of the business’s stock in a transaction dated Tuesday, September 25th. The stock was bought at an average cost of C$3.96 per share, with a total value of C$47,124.00. Also, insider Ron Joyce purchased 100,000 shares of the business’s stock in a transaction dated Wednesday, August 22nd. The shares were purchased at an average cost of C$3.78 per share, with a total value of C$378,000.00. Insiders have bought a total of 132,448 shares of company stock valued at $3,467,748 over the last ninety days.

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 (TSE:JE)

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