Just Energy Group (JE) Reaches New 12-Month Low at $5.06
Just Energy Group Inc (TSE:JE) (NYSE:JE)’s share price reached a new 52-week low on Tuesday . The company traded as low as C$5.06 and last traded at C$5.20, with a volume of 423577 shares traded. The stock had previously closed at C$5.28.
A number of equities analysts have weighed in on the stock. Royal Bank of Canada upgraded shares of Just Energy Group from a “sector perform” rating to an “outperform” rating and dropped their price target for the stock from C$7.50 to C$7.00 in a research report on Monday, December 18th. National Bank Financial dropped their price target on shares of Just Energy Group from C$6.25 to C$6.00 and set a “sector perform” rating for the company in a research report on Monday, November 27th. Finally, TD Securities lowered shares of Just Energy Group from a “buy” rating to a “hold” rating and dropped their price target for the stock from C$9.50 to C$6.50 in a research report on Friday, November 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Just Energy Group has a consensus rating of “Buy” and an average target price of C$6.50.
The company has a market capitalization of $738.67, a PE ratio of 7.62 and a beta of 0.57.
In related news, insider Morgan Smith bought 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 12th. The stock was purchased at an average price of C$4.15 per share, for a total transaction of C$41,500.00. Also, insider Ron Joyce bought 100,000 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The shares were bought at an average price of C$5.35 per share, with a total value of C$535,000.00.
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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