Just Energy Group (NYSE:JE) (TSE:JE)‘s stock had its “buy” rating restated by TD Securities in a note issued to investors on Thursday. They currently have a $5.00 price objective on the utilities provider’s stock. TD Securities’ price target indicates a potential upside of 32.28% from the company’s previous close.

A number of other equities analysts have also recently issued reports on the company. National Bank Financial cut Just Energy Group from an “outperform” rating to a “sector perform” rating in a report on Tuesday, August 21st. ValuEngine cut Just Energy Group from a “sell” rating to a “strong sell” rating in a report on Thursday, August 2nd. HC Wainwright reiterated a “buy” rating and issued a $7.00 price objective on shares of Just Energy Group in a report on Friday, September 14th. B. Riley set a $6.00 price objective on Just Energy Group and gave the stock a “buy” rating in a report on Friday, August 10th. Finally, Zacks Investment Research cut Just Energy Group from a “hold” rating to a “sell” rating in a report on Tuesday, August 14th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $5.60.

Just Energy Group stock traded up $0.01 during midday trading on Thursday, hitting $3.78. 480,729 shares of the company’s stock were exchanged, compared to its average volume of 201,396. Just Energy Group has a 52-week low of $2.80 and a 52-week high of $5.09. The company has a quick ratio of 1.34, a current ratio of 1.37 and a debt-to-equity ratio of 3.10. The stock has a market cap of $509.10 million, a price-to-earnings ratio of 3.20 and a beta of 0.11.

Just Energy Group (NYSE:JE) (TSE:JE) last posted its quarterly earnings data on Wednesday, August 8th. The utilities provider reported ($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.11). Just Energy Group had a return on equity of 1,815.36% and a net margin of 9.98%. The firm had revenue of $679.25 million during the quarter, compared to analysts’ expectations of $708.65 million. On average, research analysts anticipate that Just Energy Group will post 0.28 earnings per share for the current year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. CIBC World Markets Inc. lifted its stake in shares of Just Energy Group by 8.4% in the 3rd quarter. CIBC World Markets Inc. now owns 206,694 shares of the utilities provider’s stock valued at $641,000 after acquiring an additional 16,030 shares during the last quarter. Toronto Dominion Bank lifted its stake in shares of Just Energy Group by 20.3% in the 3rd quarter. Toronto Dominion Bank now owns 683,372 shares of the utilities provider’s stock valued at $2,121,000 after acquiring an additional 115,402 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Just Energy Group by 54.2% in the 3rd quarter. Bank of Montreal Can now owns 3,611,145 shares of the utilities provider’s stock valued at $11,194,000 after acquiring an additional 1,268,787 shares during the last quarter. Advisors Capital Management LLC lifted its stake in shares of Just Energy Group by 2.3% in the 3rd quarter. Advisors Capital Management LLC now owns 1,814,803 shares of the utilities provider’s stock valued at $5,626,000 after acquiring an additional 41,379 shares during the last quarter. Finally, Ardsley Advisory Partners bought a new stake in shares of Just Energy Group in the 2nd quarter valued at about $452,000. 23.15% of the stock is owned by institutional investors.

Just Energy Group Company Profile

Just Energy Group Inc, through its subsidiaries, provides electricity, natural gas, and renewable energy solutions in the United States, Canada, the United Kingdom, Ireland, Germany, and Japan. It operates through Consumer Energy and Commercial Energy segments. The company offers various home and business energy solutions, including long-term fixed-price, variable-price, and flat-bill solutions to residential and commercial customers.

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Analyst Recommendations for Just Energy Group (NYSE:JE)

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