HC Wainwright Reaffirms Buy Rating for Just Energy Group, Inc. (JE)
HC Wainwright reissued their buy rating on shares of Just Energy Group, Inc. (NYSE:JE) (TSE:JE) in a research report report published on Friday morning. The brokerage currently has a $10.00 target price on the utilities provider’s stock.
Several other brokerages also recently commented on JE. Canaccord Genuity reaffirmed a hold rating and issued a $7.25 target price on shares of Just Energy Group in a research note on Monday, October 16th. Zacks Investment Research downgraded shares of Just Energy Group from a strong-buy rating to a hold rating in a research note on Wednesday, October 11th. BidaskClub raised shares of Just Energy Group from a hold rating to a buy rating in a research note on Tuesday, August 22nd. Finally, ValuEngine raised shares of Just Energy Group from a hold rating to a buy rating in a research report on Tuesday, August 1st. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Just Energy Group presently has a consensus rating of Hold and an average price target of $7.63.
Shares of Just Energy Group (JE) traded down $0.11 during trading hours on Friday, reaching $4.57. 272,200 shares of the company’s stock traded hands, compared to its average volume of 152,583. Just Energy Group has a 1 year low of $4.47 and a 1 year high of $6.35. The company has a debt-to-equity ratio of -7.46, a current ratio of 1.16 and a quick ratio of 1.12. The company has a market capitalization of $687.27, a P/E ratio of 4.46 and a beta of 1.02.
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Hedge funds have recently modified their holdings of the company. Sii Investments Inc. WI bought a new stake in shares of Just Energy Group during the third quarter worth $113,000. Citadel Advisors LLC boosted its holdings in Just Energy Group by 29.3% during the second quarter. Citadel Advisors LLC now owns 22,022 shares of the utilities provider’s stock worth $115,000 after purchasing an additional 4,994 shares during the last quarter. Parametric Portfolio Associates LLC acquired a new position in Just Energy Group during the first quarter worth $166,000. JPMorgan Chase & Co. acquired a new position in Just Energy Group during the first quarter worth $174,000. Finally, Virtu KCG Holdings LLC acquired a new position in Just Energy Group during the second quarter worth $146,000. 28.66% of the stock is 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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