Just Energy Group (JE) Trading Up 1.3%

Shares of Just Energy Group Inc (TSE:JE) (NYSE:JE) were up 1.3% during trading on Monday . The company traded as high as C$5.55 and last traded at C$5.34. Approximately 6,982,575 shares changed hands during mid-day trading, an increase of 2,049% from the average daily volume of 324,951 shares. The stock had previously closed at C$5.27.

A number of analysts have recently commented on JE shares. TD Securities downgraded Just Energy Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from C$9.50 to C$6.50 in a research note on Friday, November 10th. National Bank Financial lowered their target price on Just Energy Group from C$6.25 to C$6.00 and set a “sector perform” rating on the stock in a research note on Monday, November 27th. Finally, Royal Bank of Canada upgraded Just Energy Group from a “sector perform” rating to an “outperform” rating and lowered their target price for the stock from C$7.50 to C$7.00 in a research note on Monday. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of C$6.50.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 29th. Shareholders of record on Friday, December 15th will be given a dividend of $0.125 per share. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.50 dividend on an annualized basis and a yield of 9.36%. Just Energy Group’s dividend payout ratio is currently 75.76%.

In other Just Energy Group news, insider Morgan Smith purchased 10,000 shares of the stock in a transaction on Tuesday, December 12th. The shares were bought at an average price of C$4.15 per share, for a total transaction of C$41,500.00. Also, insider Ron Joyce purchased 100,000 shares of the stock in a transaction on Monday, November 27th. The shares were acquired at an average price of C$5.35 per share, for a total transaction of C$535,000.00.

COPYRIGHT VIOLATION WARNING: “Just Energy Group (JE) Trading Up 1.3%” was posted by Dispatch Tribunal and is owned by of Dispatch Tribunal. If you are accessing this piece of content on another publication, it was copied illegally and republished in violation of US and international trademark and copyright laws. The legal version of this piece of content can be viewed at https://www.dispatchtribunal.com/2017/12/18/just-energy-group-je-trading-up-1-3.html.

Just Energy Group Company Profile

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.

Receive News & Ratings for Just Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Just Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply