Just Energy Group (NYSE:JE) (TSE:JE) was upgraded by equities researchers at Canaccord Genuity from a “hold” rating to a “buy” rating in a research note issued on Thursday.

A number of other research analysts have also recently commented on the company. Zacks Investment Research cut Just Energy Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. HC Wainwright restated a “buy” rating and issued a $10.00 price target on shares of Just Energy Group in a research report on Friday, November 10th. TD Securities cut Just Energy Group from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. ValuEngine cut Just Energy Group from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Finally, B. Riley set a $6.25 price target on Just Energy Group and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Just Energy Group has an average rating of “Buy” and a consensus price target of $7.17.

Shares of Just Energy Group (NYSE JE) opened at $4.52 on Thursday. Just Energy Group has a twelve month low of $3.86 and a twelve month high of $6.35. The company has a current ratio of 0.82, a quick ratio of 0.78 and a debt-to-equity ratio of -1.21. The firm has a market capitalization of $672.58, a price-to-earnings ratio of 6.03 and a beta of 0.86.

Just Energy Group (NYSE:JE) (TSE:JE) last posted its earnings results on Wednesday, November 8th. The utilities provider reported $0.01 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.07). Just Energy Group had a negative return on equity of 158.39% and a net margin of 4.95%. The firm had revenue of $679.41 million for the quarter, compared to analyst estimates of $827.81 million. research analysts forecast that Just Energy Group will post 0.24 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. TD Asset Management Inc. grew its position in Just Energy Group by 2.0% in the third quarter. TD Asset Management Inc. now owns 5,429,434 shares of the utilities provider’s stock valued at $31,388,000 after acquiring an additional 107,600 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in Just Energy Group in the second quarter valued at about $4,414,000. Scotia Capital Inc. grew its position in Just Energy Group by 21.5% in the second quarter. Scotia Capital Inc. now owns 436,520 shares of the utilities provider’s stock valued at $2,286,000 after acquiring an additional 77,159 shares during the last quarter. DORCHESTER WEALTH MANAGEMENT Co grew its position in Just Energy Group by 31.2% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 166,875 shares of the utilities provider’s stock valued at $718,000 after acquiring an additional 39,700 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Just Energy Group by 249.3% in the second quarter. JPMorgan Chase & Co. now owns 96,847 shares of the utilities provider’s stock valued at $507,000 after acquiring an additional 69,123 shares during the last quarter. Hedge funds and other institutional investors own 29.40% of the company’s stock.

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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.

Analyst Recommendations for Just Energy Group (NYSE:JE)

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