Just Energy Group (JE) Upgraded by Royal Bank of Canada to Outperform
Royal Bank of Canada upgraded shares of Just Energy Group (TSE:JE) (NYSE:JE) from a sector perform rating to an outperform rating in a research note published on Monday morning. Royal Bank of Canada currently has C$7.00 price objective on the stock, down from their prior price objective of C$7.50.
Several other analysts have also recently commented on JE. TD Securities cut shares of Just Energy Group from a buy rating to a hold rating and lowered their target price for the stock from C$9.50 to C$6.50 in a research note on Friday, November 10th. National Bank Financial lowered their target price on shares of Just Energy Group from C$6.25 to C$6.00 and set a sector perform rating for the company in a research note on Monday, November 27th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average target price of C$6.50.
Just Energy Group (TSE:JE) opened at C$5.78 on Monday. Just Energy Group has a 12 month low of C$5.16 and a 12 month high of C$8.62.
In related news, insider Morgan Smith purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, December 12th. The shares were bought at an average price of C$4.15 per share, for a total transaction of C$41,500.00. Also, insider Ron Joyce purchased 100,000 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was bought at an average price of C$5.35 per share, for a total transaction of C$535,000.00.
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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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