Just Energy Group Inc. (NYSE:JE)‘s stock had its “sector perform” rating restated by RBC Capital Markets in a research note issued on Friday. They currently have a $8.00 price target on the stock, down from their previous price target of $8.50. RBC Capital Markets’ price target points to a potential upside of 60.64% from the stock’s previous close.

Other equities analysts have also issued research reports about the company. FBR & Co reaffirmed a “buy” rating on shares of Just Energy Group in a research note on Saturday, September 17th. TD Securities reiterated a “hold” rating and issued a $8.50 price objective on shares of Just Energy Group in a report on Saturday, August 13th. Finally, Zacks Investment Research upgraded Just Energy Group from a “hold” rating to a “buy” rating and set a $5.75 price objective on the stock in a report on Wednesday, October 12th. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Just Energy Group has a consensus rating of “Buy” and a consensus target price of $8.54.

Analyst Recommendations for Just Energy Group (NYSE:JE)

Shares of Just Energy Group (NYSE:JE) opened at 4.98 on Friday. The company has a market cap of $735.91 million, a P/E ratio of 2.39 and a beta of 1.32. The company’s 50-day moving average price is $5.16 and its 200-day moving average price is $5.77. Just Energy Group has a 12 month low of $4.86 and a 12 month high of $7.38.

Large investors have recently modified their holdings of the company. Bank of Montreal Can increased its stake in shares of Just Energy Group by 9.4% in the third quarter. Bank of Montreal Can now owns 4,919,795 shares of the company’s stock valued at $24,944,000 after buying an additional 424,255 shares during the period. Vanguard Group Inc. increased its stake in shares of Just Energy Group by 14.5% in the second quarter. Vanguard Group Inc. now owns 2,336,516 shares of the company’s stock valued at $14,205,000 after buying an additional 296,430 shares during the period. Royal Bank of Canada increased its stake in shares of Just Energy Group by 11.0% in the second quarter. Royal Bank of Canada now owns 1,627,587 shares of the company’s stock valued at $9,895,000 after buying an additional 161,534 shares during the period. AGF Investments Inc. increased its stake in shares of Just Energy Group by 35.5% in the third quarter. AGF Investments Inc. now owns 1,281,838 shares of the company’s stock valued at $6,494,000 after buying an additional 335,986 shares during the period. Finally, Morgan Stanley increased its stake in shares of Just Energy Group by 3.5% in the third quarter. Morgan Stanley now owns 1,196,728 shares of the company’s stock valued at $6,068,000 after buying an additional 40,818 shares during the period. Institutional investors own 27.70% of the company’s stock.

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.

5 Day Chart for NYSE:JE

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