Just Energy Group (JE) Shares Down 3%

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.

In other news, insider Morgan Smith bought 10,000 shares of the stock in a transaction that occurred on Tuesday, December 12th. The stock was acquired at an average price of C$4.15 per share, with a total value of C$41,500.00. Also, insider Ron Joyce bought 100,000 shares of the stock in a transaction that occurred on Monday, November 27th. The shares were purchased at an average cost of C$5.35 per share, with a total value of C$535,000.00.

COPYRIGHT VIOLATION NOTICE: “Just Energy Group (JE) Shares Down 3%” was published by Week Herald and is the property of of Week Herald. If you are reading this story on another site, it was stolen and republished in violation of United States and international copyright and trademark legislation. The legal version of this story can be viewed at https://weekherald.com/2018/02/14/just-energy-group-je-shares-down-3.html.

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.

Receive News & Ratings for Just Energy Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Just Energy Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply