Zacks Investment Research upgraded shares of Just Energy Group (NYSE:JE) (TSE:JE) from a hold rating to a strong-buy rating in a research report sent to investors on Wednesday. Zacks Investment Research currently has $5.50 price objective on the utilities provider’s stock.

According to Zacks, “Just Energy Group Inc. is engaged in the sale of natural gas and/or electricity to residential and commercial customers under long-term fixed-price and price-protected contracts. It also offers green products through its JustGreen and JustClean programs. Just Energy also sells and rents high efficiency and tankless water heaters, air conditioners and furnaces to Ontario residents. It also produces and sells wheat-based ethanol through its subsidiary Terra Grain Fuels. Just Energy Group Inc. is based in Toronto. “

Several other research analysts have also issued reports on JE. HC Wainwright reissued a buy rating and issued a $10.00 price target on shares of Just Energy Group in a research report on Friday, November 10th. TD Securities lowered shares of Just Energy Group from a buy rating to a hold rating in a research report on Friday, November 10th. ValuEngine lowered shares of Just Energy Group from a buy rating to a hold rating in a research report on Friday, November 10th. B. Riley set a $6.25 price target on shares of Just Energy Group and gave the stock a buy rating in a research report on Wednesday, November 15th. Finally, dropped their price target on shares of Just Energy Group from $7.50 to $6.25 and set a buy rating for the company in a research report on Wednesday, November 15th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus price target of $7.13.

Just Energy Group (NYSE JE) traded up $0.03 during midday trading on Wednesday, hitting $4.96. 85,667 shares of the company traded hands, compared to its average volume of 281,946. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of -4.35. Just Energy Group has a twelve month low of $3.86 and a twelve month high of $6.35. The company has a market capitalization of $741.85, a PE ratio of 7.25 and a beta of 0.86.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. TD Asset Management Inc. increased its holdings in shares of Just Energy Group by 2.0% during the third quarter. TD Asset Management Inc. now owns 5,429,434 shares of the utilities provider’s stock worth $31,388,000 after buying an additional 107,600 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of Just Energy Group by 128.5% during the fourth quarter. Goldman Sachs Group Inc. now owns 650,081 shares of the utilities provider’s stock worth $2,788,000 after buying an additional 365,614 shares in the last quarter. Paloma Partners Management Co acquired a new stake in shares of Just Energy Group during the fourth quarter worth approximately $864,000. DORCHESTER WEALTH MANAGEMENT Co increased its holdings in shares of Just Energy Group by 31.2% during the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 166,875 shares of the utilities provider’s stock worth $718,000 after buying an additional 39,700 shares in the last quarter. Finally, BlueCrest Capital Management Ltd acquired a new stake in shares of Just Energy Group during the fourth quarter worth approximately $674,000. 28.28% of the stock is owned by institutional investors.

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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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