Just Energy Group Stock Rating Upgraded by TD Securities (JE)
Just Energy Group (TSE:JE) was upgraded by equities research analysts at TD Securities from a “reduce” rating to a “hold” rating in a research note issued to investors on Friday. The firm currently has a C$5.50 price target on the stock. TD Securities’ target price would indicate a potential downside of 10.28% from the stock’s previous close.
Just Energy Group (TSE:JE) traded up 3.20% on Friday, hitting $6.13. 798,094 shares of the company’s stock traded hands. Just Energy Group has a one year low of $5.39 and a one year high of $9.14. The stock has a 50-day moving average of $5.95 and a 200-day moving average of $7.47. The company has a market cap of $885.8 million and a P/E ratio of 6.25.
JE has been the subject of a number of other recent research reports. Analysts at RBC Capital cut their price target on shares of Just Energy Group from C$8.00 to C$7.00 in a research note on Monday, June 9th. They now have a “sector perform” rating on the stock. Separately, analysts at National Bank Financial cut their price target on shares of Just Energy Group from C$7.00 to C$6.00 in a research note on Friday, June 6th. Finally, analysts at CIBC reiterated an “underperform” rating on shares of Just Energy Group in a research note on Tuesday, May 20th. They now have a C$5.75 price target on the stock, down previously from C$7.50. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of C$6.06.
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.
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