B. Riley set a $6.00 price objective on Just Energy Group (NYSE:JE) (TSE:JE) in a research note issued to investors on Friday. The firm currently has a buy rating on the utilities provider’s stock. B. Riley also issued estimates for Just Energy Group’s Q3 2020 earnings at $0.13 EPS, Q4 2020 earnings at $0.15 EPS and FY2020 earnings at $0.39 EPS.
Several other research analysts 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 report on Tuesday, August 21st. TD Securities restated a buy rating and set a $5.00 price target on shares of Just Energy Group in a report on Thursday. CIBC lowered shares of Just Energy Group from a sector outperform rating to a neutral rating in a report on Friday, August 10th. HC Wainwright restated a buy rating and set a $7.00 price target on shares of Just Energy Group in a report on Friday, September 14th. Finally, ValuEngine lowered shares of Just Energy Group from a sell rating to a strong sell rating in a report on Thursday, August 2nd. Two research analysts have rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. Just Energy Group presently has a consensus rating of Hold and an average price target of $5.60.
NYSE:JE traded up $0.01 during mid-day trading on Friday, hitting $3.78. 480,729 shares of the company’s stock were exchanged, compared to its average volume of 201,396. 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 has a fifty-two week low of $2.80 and a fifty-two week high of $5.09. The company has a market cap of $509.10 million, a PE ratio of 3.20 and a beta of 0.11.
Just Energy Group (NYSE:JE) (TSE:JE) last posted its earnings results on Wednesday, August 8th. The utilities provider reported ($0.03) EPS for the quarter, missing the consensus estimate of $0.08 by ($0.11). Just Energy Group had a return on equity of 1,815.36% and a net margin of 9.98%. The business had revenue of $679.25 million for the quarter, compared to analyst estimates of $708.65 million. Equities research analysts expect that Just Energy Group will post 0.28 EPS for the current year.
Institutional investors have recently added to or reduced their stakes in the business. Acadian Asset Management LLC bought a new position in Just Energy Group during the 2nd quarter worth approximately $6,252,000. Ardsley Advisory Partners bought a new stake in shares of Just Energy Group in the 2nd quarter valued at $452,000. CIBC World Markets Inc. increased its stake in shares of Just Energy Group by 17.6% in the 2nd 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. Intact Investment Management Inc. increased its stake in shares of Just Energy Group by 26.6% in the 2nd quarter. Intact Investment Management Inc. now owns 1,282,800 shares of the utilities provider’s stock valued at $6,068,000 after acquiring an additional 269,900 shares in the last quarter. Finally, Guggenheim Capital LLC bought a new stake in shares of Just Energy Group in the 1st quarter valued at $317,000. Hedge funds and other institutional investors own 23.15% of the company’s stock.
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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