Shares of Just Energy Group Inc (TSE:JE) (NYSE:JE) dropped 3% during mid-day trading on Wednesday . The stock traded as low as C$6.16 and last traded at C$6.17. Approximately 605,180 shares traded hands during trading, an increase of 17% from the average daily volume of 517,013 shares. The stock had previously closed at C$6.36.
JE has been the topic of several analyst reports. TD Securities lowered shares of Just Energy Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from C$9.50 to C$6.50 in a research report on Friday, November 10th. National Bank Financial reduced 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 research report on Monday, November 27th. Canaccord Genuity upgraded shares of Just Energy Group from a “hold” rating to a “buy” rating and set a C$6.25 price target on the stock in a research report on Thursday, February 8th. CIBC upgraded shares of Just Energy Group from a “neutral” rating to an “outperform” rating and reduced their price target for the stock from C$7.50 to C$6.50 in a research report on Thursday, February 8th. Finally, Royal Bank of Canada upgraded shares of Just Energy Group from a “sector perform” rating to an “outperform” rating and reduced their price target for the stock from C$7.50 to C$7.00 in a research report on Monday, December 18th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of C$6.50.
The stock has a market capitalization of $913.42, a price-to-earnings ratio of 5.63 and a beta of 0.49.
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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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