Just Energy Group (JE) Upgraded to “Buy” at Canaccord Genuity

Just Energy Group (NYSE:JE) (TSE:JE) was upgraded by equities research analysts at Canaccord Genuity from a “hold” rating to a “buy” rating in a note issued to investors on Thursday.

Several other research firms also recently commented on JE. Zacks Investment Research downgraded shares of Just Energy Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, October 11th. TD Securities downgraded shares of Just Energy Group from a “buy” rating to a “hold” rating in a report on Friday, November 10th. HC Wainwright reaffirmed a “buy” rating and issued a $10.00 price objective on shares of Just Energy Group in a report on Friday, November 10th. ValuEngine downgraded shares of Just Energy Group from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, dropped their price objective on shares of Just Energy Group from $7.50 to $6.25 and set a “buy” rating on the stock in a report on Wednesday, November 15th. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $7.17.

Just Energy Group (JE) traded down $0.06 during mid-day trading on Thursday, hitting $4.52. 440,284 shares of the stock traded hands, compared to its average volume of 225,801. The stock has a market cap of $663.77, a P/E ratio of 6.65 and a beta of 0.85. The company has a debt-to-equity ratio of -1.21, a current ratio of 0.82 and a quick ratio of 0.78. Just Energy Group has a fifty-two week low of $3.86 and a fifty-two week high of $6.35.

Just Energy Group (NYSE:JE) (TSE:JE) last released its quarterly earnings data on Wednesday, November 8th. The utilities provider reported $0.01 EPS for the quarter, missing the consensus estimate of $0.08 by ($0.07). The business had revenue of $679.41 million during the quarter, compared to analysts’ expectations of $827.81 million. Just Energy Group had a net margin of 5.74% and a negative return on equity of 186.27%. equities analysts forecast that Just Energy Group will post 0.24 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Schroder Investment Management Group boosted its holdings in Just Energy Group by 94.4% during the fourth quarter. Schroder Investment Management Group now owns 58,465 shares of the utilities provider’s stock worth $316,000 after buying an additional 28,396 shares in the last quarter. K.J. Harrison & Partners Inc purchased a new stake in Just Energy Group during the fourth quarter worth $216,000. DORCHESTER WEALTH MANAGEMENT Co boosted its holdings in Just Energy Group by 31.2% during the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 166,875 shares of the utilities provider’s stock worth $718,000 after buying an additional 39,700 shares in the last quarter. Cubist Systematic Strategies LLC purchased a new stake in Just Energy Group during the third quarter worth $153,000. Finally, Mackenzie Financial Corp purchased a new stake in Just Energy Group during the third quarter worth $349,000. 29.40% of the stock is currently owned by hedge funds and other institutional investors.

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Just Energy Group Company Profile

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.

Analyst Recommendations for Just Energy Group (NYSE:JE)

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