Just Energy Group’s (JE) Hold Rating Reiterated at Canaccord Genuity

Just Energy Group, Inc. (NYSE:JE) (TSE:JE)‘s stock had its “hold” rating reaffirmed by equities research analysts at Canaccord Genuity in a report issued on Monday, October 16th. They presently have a $7.25 target price on the utilities provider’s stock. Canaccord Genuity’s target price points to a potential upside of 30.40% from the stock’s previous close.

Several other equities research analysts also recently weighed in on the company. Zacks Investment Research raised Just Energy Group from a “hold” rating to a “buy” rating and set a $5.50 price objective on the stock in a report on Wednesday, July 12th. ValuEngine raised Just Energy Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. BidaskClub raised Just Energy Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 22nd. Finally, HC Wainwright set a $10.00 target price on Just Energy Group and gave the stock a “buy” rating in a report on Friday, August 11th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $7.70.

Just Energy Group (JE) opened at 5.56 on Monday. The stock’s 50 day moving average price is $5.75 and its 200 day moving average price is $5.60. Just Energy Group has a 52 week low of $4.83 and a 52 week high of $6.35. The firm has a market cap of $816.16 million, a price-to-earnings ratio of 14.52 and a beta of 1.05.

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Several large investors have recently made changes to their positions in the company. Wells Fargo & Company MN increased its position in Just Energy Group by 86.2% in the 1st quarter. Wells Fargo & Company MN now owns 32,982 shares of the utilities provider’s stock valued at $206,000 after buying an additional 15,273 shares in the last quarter. Intact Investment Management Inc. increased its position in Just Energy Group by 7.1% in the 2nd quarter. Intact Investment Management Inc. now owns 2,363,943 shares of the utilities provider’s stock valued at $16,050,000 after buying an additional 157,100 shares in the last quarter. Acadian Asset Management LLC increased its position in Just Energy Group by 7.1% in the 2nd quarter. Acadian Asset Management LLC now owns 3,714,007 shares of the utilities provider’s stock valued at $19,447,000 after buying an additional 246,280 shares in the last quarter. Schroder Investment Management Group increased its position in Just Energy Group by 16.1% in the 1st quarter. Schroder Investment Management Group now owns 40,438 shares of the utilities provider’s stock valued at $340,000 after buying an additional 5,603 shares in the last quarter. Finally, DORCHESTER WEALTH MANAGEMENT Co increased its position in Just Energy Group by 49.4% in the 2nd quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 126,575 shares of the utilities provider’s stock valued at $663,000 after buying an additional 41,850 shares in the last quarter. 29.06% of the stock is currently owned by institutional investors.

About Just Energy Group

Just Energy Group Inc (Just Energy) is an energy management solutions provider engaged in electricity, natural gas, solar and green energy. The Company’s segments include Consumer Energy and Commercial Energy. The Company operates in the United States, Canada and the United Kingdom, offering a range of energy products, including long-term fixed-price, variable rate and flat bill programs; home energy management services, including smart thermostats and tools to manage energy use at the appliance level, and residential solar panel installations.

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