Just Energy Group (JE) Given a $6.25 Price Target by B. Riley Analysts

Just Energy Group (NYSE:JE) (TSE:JE) has been assigned a $6.25 target price by equities researchers at B. Riley in a research note issued to investors on Wednesday, November 15th, Marketbeat reports. The firm currently has a “buy” rating on the utilities provider’s stock. B. Riley’s price target suggests a potential upside of 43.35% from the company’s current price. B. Riley also issued estimates for Just Energy Group’s Q3 2018 earnings at $0.20 EPS, Q4 2018 earnings at $0.14 EPS, FY2018 earnings at $0.50 EPS, Q1 2019 earnings at $0.07 EPS, Q2 2019 earnings at $0.15 EPS, Q3 2019 earnings at $0.16 EPS, Q4 2019 earnings at $0.13 EPS and FY2019 earnings at $0.50 EPS.

JE has been the topic of a number of other reports. HC Wainwright set a $10.00 price objective on shares of Just Energy Group and gave the company a “buy” rating in a research note on Friday, August 11th. Zacks Investment Research upgraded shares of 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 Tuesday, August 15th. ValuEngine upgraded shares of Just Energy Group from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. TD Securities lowered shares of Just Energy Group from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Canaccord Genuity reiterated a “hold” rating and set a $7.25 price objective on shares of Just Energy Group in a report on Monday, October 16th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Just Energy Group has an average rating of “Buy” and a consensus target price of $7.17.

Just Energy Group (NYSE JE) opened at $4.36 on Wednesday. The company has a debt-to-equity ratio of -7.46, a current ratio of 1.16 and a quick ratio of 1.12. Just Energy Group has a 12 month low of $4.08 and a 12 month high of $6.35. The stock has a market cap of $640.27, a price-to-earnings ratio of 4.15 and a beta of 0.91.

A number of large investors have recently modified their holdings of JE. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Just Energy Group during the second quarter worth approximately $4,414,000. Acadian Asset Management LLC grew its position in shares of Just Energy Group by 7.1% during the second quarter. Acadian Asset Management LLC now owns 3,714,007 shares of the utilities provider’s stock worth $19,447,000 after buying an additional 246,280 shares in the last quarter. TD Asset Management Inc. grew its position in shares of Just Energy Group by 3.4% during the second quarter. TD Asset Management Inc. now owns 5,321,834 shares of the utilities provider’s stock worth $27,865,000 after buying an additional 173,500 shares in the last quarter. Intact Investment Management Inc. grew its position in shares of Just Energy Group by 7.1% during the second quarter. Intact Investment Management Inc. now owns 2,363,943 shares of the utilities provider’s stock worth $16,050,000 after buying an additional 157,100 shares in the last quarter. Finally, Bank of Montreal Can grew its position in shares of Just Energy Group by 5.8% during the second quarter. Bank of Montreal Can now owns 2,703,926 shares of the utilities provider’s stock worth $14,169,000 after buying an additional 148,637 shares in the last quarter. 29.94% 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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