Zacks Investment Research upgraded shares of Just Energy Group (NYSE:JE) (TSE:JE) from a sell rating to a hold rating in a research note issued to investors on Thursday.
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. “
JE has been the subject of a number of other research reports. B. Riley set a $6.00 price objective on Just Energy Group and gave the stock a buy rating in a report on Monday, September 10th. Canaccord Genuity upgraded Just Energy Group from a hold rating to a buy rating in a report on Tuesday, November 13th. HC Wainwright set a $7.00 price objective on Just Energy Group and gave the stock a buy rating in a report on Friday, August 10th. ValuEngine downgraded Just Energy Group from a sell rating to a strong sell rating in a report on Thursday, August 2nd. Finally, CIBC downgraded Just Energy Group from a sector outperform rating to a neutral rating in a report on Friday, August 10th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $5.47.
Shares of Just Energy Group stock traded up $0.03 during midday trading on Thursday, reaching $3.93. 194,289 shares of the company’s stock traded hands, compared to its average volume of 286,624. The company has a quick ratio of 1.22, a current ratio of 1.27 and a debt-to-equity ratio of 3.88. The company has a market cap of $586.73 million, a PE ratio of 3.93 and a beta of 0.11. Just Energy Group has a 12 month low of $2.80 and a 12 month high of $5.09.
Large investors have recently modified their holdings of the company. Guggenheim Capital LLC bought a new position in shares of Just Energy Group during the first quarter valued at $317,000. Ardsley Advisory Partners bought a new position in shares of Just Energy Group during the second quarter valued at $452,000. CIBC World Markets Inc. increased its holdings in shares of Just Energy Group by 17.6% during the second quarter. CIBC World Markets Inc. now owns 190,664 shares of the utilities provider’s stock valued at $690,000 after acquiring an additional 28,506 shares in the last quarter. Toronto Dominion Bank increased its holdings in shares of Just Energy Group by 20.3% during 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 in the last quarter. Finally, Man Group plc increased its holdings in shares of Just Energy Group by 4.2% during the third quarter. Man Group plc now owns 935,053 shares of the utilities provider’s stock valued at $2,901,000 after acquiring an additional 37,600 shares in the last quarter. Hedge funds and other institutional investors own 22.22% of the company’s stock.
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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