Just Energy Group (JE) Upgraded to “Outperform” by Royal Bank of Canada

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 report issued on Monday, December 18th. The brokerage currently has C$7.00 target price on the stock, down from their previous target price of C$7.50.

A number of other analysts have also weighed in on the stock. TD Securities lowered shares of Just Energy Group from a buy rating to a hold rating and cut their price objective for the stock from C$9.50 to C$6.50 in a research note on Friday, November 10th. National Bank Financial lowered their price target on shares of Just Energy Group from C$6.25 to C$6.00 and set a sector perform rating on the stock in a report on Monday, November 27th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has an average rating of Buy and an average price target of C$6.50.

Just Energy Group (JE) traded down C$0.11 during trading hours on Monday, reaching C$5.09. 881,704 shares of the company were exchanged, compared to its average volume of 425,430. Just Energy Group has a 12 month low of C$5.06 and a 12 month high of C$8.62. The stock has a market capitalization of $747.48, a PE ratio of 7.71 and a beta of 0.57.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 9.82%. The ex-dividend date was Thursday, December 14th. Just Energy Group’s dividend payout ratio (DPR) is currently 75.76%.

In related news, insider Morgan Smith acquired 10,000 shares of Just Energy Group stock in a transaction dated Tuesday, December 12th. The stock was acquired at an average price of C$4.15 per share, for a total transaction of C$41,500.00. Also, insider Ron Joyce bought 100,000 shares of the business’s stock in a transaction dated Monday, November 27th. The stock was acquired at an average cost of C$5.35 per share, for a total transaction of C$535,000.00.

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Just Energy Group Company Profile

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.

Analyst Recommendations for Just Energy Group (TSE:JE)

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