Just Energy Group Inc. (JE) Stock Price Down 7.5%
Shares of Just Energy Group Inc. (NYSE:JE) fell 7.5% during mid-day trading on Thursday . The company traded as low as $5.55 and last traded at $5.58, with a volume of 406,845 shares. The stock had previously closed at $6.03.
A number of research firms recently issued reports on JE. Rodman & Renshaw reissued a “buy” rating and set a $10.00 target price on shares of Just Energy Group in a research note on Monday, May 23rd. FBR & Co reissued an “outperform” rating and set a $8.00 target price on shares of Just Energy Group in a research note on Thursday, July 7th. Zacks Investment Research raised Just Energy Group from a “hold” rating to a “buy” rating and set a $6.75 target price for the company in a research note on Tuesday, May 24th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $8.50 target price on shares of Just Energy Group in a research note on Thursday, May 19th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $8.53.
The company’s 50 day moving average is $6.12 and its 200-day moving average is $6.15. The company has a market capitalization of $816.94 million and a P/E ratio of 16.42.
Just Energy Group Inc (Just Energy) is a Canada-based 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 and home energy management services, including long-term fixed-price, variable-priced, and flat-bill programs, smart thermostats and residential solar panel installations.
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