Just Energy Group Inc. (JE) PT Set at $8.00 by FBR & Co
Just Energy Group Inc. (NYSE:JE) (TSE:JE) has been given a $8.00 price target by equities researchers at FBR & Co in a research note issued to investors on Monday. The brokerage presently has a a “buy” rating on the stock. FBR & Co’s price target indicates a potential upside of 55.95% from the stock’s previous close.
Several other brokerages have also weighed in on JE. Zacks Investment Research lowered Just Energy Group from a “buy” rating to a “hold” rating in a report on Tuesday, September 6th. TD Securities reissued a “hold” rating and set a $8.50 price objective on shares of Just Energy Group in a report on Saturday, August 13th. Canaccord Genuity assumed coverage on Just Energy Group in a report on Monday. They set a “buy” rating for the company. Finally, RBC Capital Markets reissued a “sector perform” rating and set a $8.00 price objective (down from $8.50) on shares of Just Energy Group in a report on Friday, November 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. Just Energy Group currently has an average rating of “Buy” and an average target price of $8.54.
Just Energy Group (NYSE:JE) opened at 5.12 on Monday. The firm has a market cap of $756.60 million, a PE ratio of 2.46 and a beta of 1.32. The stock’s 50 day moving average price is $5.16 and its 200-day moving average price is $5.76. Just Energy Group has a 12-month low of $4.86 and a 12-month high of $7.38.
Several institutional investors have recently bought and sold shares of the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Just Energy Group during the second quarter worth about $105,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Just Energy Group during the second quarter worth about $124,000. Nuveen Fund Advisors LLC acquired a new stake in shares of Just Energy Group during the third quarter worth about $109,000. Acrospire Investment Management LLC increased its stake in shares of Just Energy Group by 93.0% in the second quarter. Acrospire Investment Management LLC now owns 24,851 shares of the company’s stock worth $151,000 after buying an additional 11,978 shares during the period. Finally, Creative Planning increased its stake in shares of Just Energy Group by 5.4% in the second quarter. Creative Planning now owns 26,350 shares of the company’s stock worth $160,000 after buying an additional 1,350 shares during the period. 27.70% of the stock is owned by hedge funds and other institutional investors.
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.
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