Just Energy Group Inc (JE) Given New C$7.50 Price Target at National Bank Financial
Just Energy Group Inc (TSE:JE) (NYSE:JE) had its target price reduced by stock analysts at National Bank Financial from C$8.00 to C$7.50 in a research note issued to investors on Monday. The firm currently has a “sector perform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 12.44% from the company’s previous close.
Several other research analysts have also recently issued reports on the stock. TD Securities reiterated an “action list buy” rating and set a C$11.00 target price on shares of Just Energy Group in a report on Tuesday, April 18th. Royal Bank Of Canada dropped their target price on shares of Just Energy Group from C$8.00 to C$7.50 and set a “sector perform” rating on the stock in a report on Friday, May 19th. HC Wainwright reiterated a “buy” rating on shares of Just Energy Group in a report on Friday, May 19th. Canaccord Genuity reiterated a “buy” rating on shares of Just Energy Group in a report on Friday, May 19th. Finally, FBR & Co reiterated an “outperform” rating on shares of Just Energy Group in a report on Friday, May 19th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of C$8.17.
Just Energy Group (JE) traded up 2.30% during midday trading on Monday, reaching $6.67. 232,474 shares of the company traded hands. Just Energy Group has a one year low of $6.31 and a one year high of $8.62. The company has a 50 day moving average price of $6.70 and a 200-day moving average price of $7.53. The stock has a market capitalization of $980.91 million and a P/E ratio of 14.47.
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In other news, insider Ron Joyce sold 94,900 shares of the firm’s stock in a transaction dated Tuesday, June 27th. The shares were sold at an average price of C$7.06, for a total value of C$669,994.00. Insiders sold a total of 233,443 shares of company stock worth $1,638,597 over the last 90 days.
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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