Just Energy Group Inc. (JE) Research Coverage Started at Canaccord Genuity
Other equities research analysts have also recently issued research reports about the company. TD Securities upgraded Just Energy Group from a hold rating to a buy rating and upped their price target for the stock from $8.50 to $9.50 in a report on Wednesday, October 12th. Zacks Investment Research upgraded Just Energy Group from a hold rating to a buy rating and set a $5.75 target price on the stock in a report on Wednesday, October 12th. FBR & Co reiterated a buy rating on shares of Just Energy Group in a report on Saturday, September 17th. Finally, RBC Capital Markets reiterated a sector perform rating and set a $8.00 target price (down previously from $8.50) on shares of Just Energy Group in a report on Friday, November 11th. One analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $8.54.
Just Energy Group (NYSE:JE) traded up 0.96% during midday trading on Monday, reaching $5.25. The company’s stock had a trading volume of 20,115 shares. The company has a 50 day moving average price of $5.16 and a 200 day moving average price of $5.76. The firm has a market cap of $775.81 million, a price-to-earnings ratio of 2.52 and a beta of 1.32. Just Energy Group has a 1-year low of $4.86 and a 1-year high of $7.38.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of Just Energy Group by 28.0% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 5,353,150 shares of the company’s stock valued at $27,087,000 after buying an additional 1,170,150 shares during the period. Nuveen Fund Advisors LLC purchased a new position in shares of Just Energy Group during the third quarter valued at $109,000. The Manufacturers Life Insurance Company purchased a new position in shares of Just Energy Group during the third quarter valued at $258,000. KCG Holdings Inc. raised its position in shares of Just Energy Group by 164.8% in the third quarter. KCG Holdings Inc. now owns 30,755 shares of the company’s stock valued at $156,000 after buying an additional 19,140 shares during the period. Finally, Morgan Stanley raised its position 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. 27.70% of the stock is currently owned by institutional investors.
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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