Just Energy Group Inc (JE) Receives Consensus Rating of “Buy” from Brokerages
Just Energy Group Inc (TSE:JE) (NYSE:JE) has been given a consensus rating of “Buy” by the six ratings firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is C$8.17.
Separately, National Bank Financial lowered their price target on shares of Just Energy Group from C$8.00 to C$7.50 and set a “sector perform” rating for the company in a report on Monday, August 14th.
In related news, insider Krishnan Kasiviswanathan sold 27,810 shares of the stock in a transaction dated Monday, September 18th. The shares were sold at an average price of C$5.63, for a total value of C$156,570.30.
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Shares of Just Energy Group (TSE:JE) opened at 7.17 on Friday. The firm’s 50-day moving average price is $7.14 and its 200 day moving average price is $7.24. Just Energy Group has a 52 week low of $6.31 and a 52 week high of $8.62. The company has a market cap of $1.05 billion and a price-to-earnings ratio of 15.42.
The firm also recently declared a quarterly dividend, which was paid on Friday, September 29th. Investors of record on Friday, September 29th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 6.97%. The ex-dividend date of this dividend was Thursday, September 14th.
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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