Just Energy Group Downgraded to Sector Perform at National Bank Financial (JE)
Just Energy Group (TSE:JE) was downgraded by stock analysts at National Bank Financial from an “outperform” rating to a “sector perform” rating in a report issued on Friday, Analyst Ratings Network.com reports. They currently have a C$8.50 price objective on the stock, down from their previous price objective of C$9.50. National Bank Financial’s target price would indicate a potential upside of 8.28% from the stock’s previous close.
A number of other firms have also recently commented on JE. Analysts at TD Securities raised their price target on shares of Just Energy Group from C$9.00 to C$10.00 in a research note on Friday, February 28th. They now have a “buy” rating on the stock. Separately, analysts at CIBC raised their price target on shares of Just Energy Group from C$7.00 to C$7.50 in a research note on Tuesday, February 18th. Finally, analysts at NBF upgraded shares of Just Energy Group from a “sector perform” rating to an “outperform” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and one has issued a buy rating to the company. Just Energy Group currently has a consensus rating of “Hold” and an average price target of C$7.25.
Just Energy Group (TSE:JE) traded down 16.69% during mid-day trading on Friday, hitting $6.54. 4,291,079 shares of the company’s stock traded hands. Just Energy Group has a 52 week low of $6.08 and a 52 week high of $9.14. The stock has a 50-day moving average of $8.69 and a 200-day moving average of $8.11. The company has a price-to-earnings ratio of 6.77.
The company also recently declared a may 14 dividend, which is scheduled for Saturday, May 31st. Shareholders of record on Thursday, May 15th will be given a dividend of $0.07 per share. This represents a yield of 9.66%. The ex-dividend date of this dividend is Tuesday, May 13th.
Just Energy Group Inc (TSE:JE) is engaged in the sale of natural gas and electricity to residential and commercial customers under long-term fixed-price, price-protected or variable-priced contracts.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.