Just Energy Group (TSE:JE) (NYSE:JE) was upgraded by CIBC from a “neutral” rating to an “outperform” rating in a report issued on Thursday. The brokerage currently has a C$6.50 price objective on the stock, down from their prior price objective of C$7.50. CIBC’s price target indicates a potential upside of 10.36% from the company’s current price.
A number of other research analysts have also recently issued reports on the company. Royal Bank of Canada upgraded Just Energy Group from a “sector perform” rating to an “outperform” rating and lowered their price objective for the company from C$7.50 to C$7.00 in a research note on Monday, December 18th. National Bank Financial decreased their price target on Just Energy Group from C$6.25 to C$6.00 and set a “sector perform” rating for the company in a research note on Monday, November 27th. Finally, TD Securities cut Just Energy Group from a “buy” rating to a “hold” rating and decreased their price target for the stock from C$9.50 to C$6.50 in a research note on Friday, November 10th. One research analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of C$6.50.
Shares of Just Energy Group (JE) traded up C$0.80 during trading hours on Thursday, reaching C$5.89. The company’s stock had a trading volume of 2,371,231 shares, compared to its average volume of 405,423. The stock has a market capitalization of $853.21, a PE ratio of 8.89 and a beta of 0.49. Just Energy Group has a 1-year low of C$4.84 and a 1-year high of C$8.62.
In other Just Energy Group news, insider Morgan Smith purchased 10,000 shares of the firm’s stock in a transaction dated Tuesday, December 12th. The stock was purchased at an average price of C$4.15 per share, for a total transaction of C$41,500.00. Also, insider Ron Joyce purchased 100,000 shares of the firm’s stock in a transaction dated Monday, November 27th. The stock was acquired at an average price of C$5.35 per share, with a total value of C$535,000.00.
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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