Royal Bank of Canada Increases Just Energy Group (TSE:JE) Price Target to C$3.00

Just Energy Group (TSE:JE) (NYSE:JE) had its target price upped by analysts at Royal Bank of Canada from C$2.50 to C$3.00 in a research report issued on Friday, BayStreet.CA reports. The brokerage currently has a “sector perform” rating on the stock. Royal Bank of Canada’s price objective suggests a potential downside of 0.33% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the stock. CIBC lifted their price objective on shares of Just Energy Group from C$2.00 to C$2.25 in a report on Tuesday. TD Securities cut their price objective on shares of Just Energy Group from C$5.00 to C$3.25 and set a “hold” rating on the stock in a report on Friday, August 16th. Five investment analysts have rated the stock with a hold rating, The stock has a consensus rating of “Hold” and a consensus target price of C$3.65.

JE traded up C$0.04 during mid-day trading on Friday, reaching C$3.01. 333,647 shares of the stock were exchanged, compared to its average volume of 523,577. The company has a debt-to-equity ratio of 2,374.38, a quick ratio of 0.48 and a current ratio of 0.94. The stock has a market capitalization of $449.01 million and a PE ratio of -0.93. The company has a 50 day moving average price of C$2.86 and a two-hundred day moving average price of C$3.91. Just Energy Group has a 1 year low of C$1.42 and a 1 year high of C$5.78.

Just Energy Group (TSE:JE) (NYSE:JE) last posted its quarterly earnings data on Wednesday, August 14th. The company reported C($0.21) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of C$0.10 by C($0.31). The business had revenue of C$670.17 million for the quarter, compared to analysts’ expectations of C$947.10 million. Sell-side analysts expect that Just Energy Group will post 0.43 EPS for the current fiscal year.

Just Energy Group Company Profile

Just Energy Group Inc, through its subsidiaries, provides electricity, natural gas, and renewable energy solutions in the United States, Canada, the United Kingdom, Ireland, Germany, and Japan. It operates through Consumer Energy and Commercial Energy segments. The company offers various home and business energy solutions, including long-term fixed-price, variable-price, and flat-bill solutions to residential and commercial customers.

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