Just Energy Group (JE) Given a $6.00 Price Target by B. Riley Analysts

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Just Energy Group (NYSE:JE) (TSE:JE) received a $6.00 price target from equities researchers at B. Riley in a research report issued to clients and investors on Friday, TipRanks reports. The firm presently has a “buy” rating on the utilities provider’s stock. B. Riley’s price objective would indicate a potential upside of 86.92% from the company’s current price.

Several other equities analysts also recently commented on the stock. HC Wainwright set a $7.00 target price on shares of Just Energy Group and gave the stock a “buy” rating in a research report on Friday. Zacks Investment Research raised Just Energy Group from a “sell” rating to a “hold” rating in a research report on Friday. ValuEngine downgraded Just Energy Group from a “sell” rating to a “strong sell” rating in a research report on Friday. Canaccord Genuity downgraded Just Energy Group from a “buy” rating to a “hold” rating in a research report on Monday, May 13th. Finally, CIBC set a $5.00 price target on Just Energy Group and gave the company a “hold” rating in a research report on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $5.75.

Just Energy Group stock traded up $0.09 during mid-day trading on Friday, hitting $3.21. 290,262 shares of the company’s stock were exchanged, compared to its average volume of 192,526. The company has a debt-to-equity ratio of 3.52, a current ratio of 1.16 and a quick ratio of 1.12. The company has a market capitalization of $468.25 million, a price-to-earnings ratio of 26.75 and a beta of 0.56. Just Energy Group has a 1-year low of $2.80 and a 1-year high of $4.34.

Several large investors have recently modified their holdings of the company. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Just Energy Group by 0.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 8,378,437 shares of the utilities provider’s stock valued at $28,410,000 after purchasing an additional 37,557 shares during the last quarter. TD Asset Management Inc. grew its position in shares of Just Energy Group by 5.8% in the first quarter. TD Asset Management Inc. now owns 4,455,040 shares of the utilities provider’s stock valued at $15,106,000 after purchasing an additional 245,500 shares during the last quarter. Bank of Montreal Can lifted its stake in shares of Just Energy Group by 0.7% in the fourth quarter. Bank of Montreal Can now owns 3,634,804 shares of the utilities provider’s stock valued at $11,995,000 after buying an additional 23,659 shares during the period. Vanguard Group Inc lifted its stake in shares of Just Energy Group by 0.3% in the third quarter. Vanguard Group Inc now owns 2,365,855 shares of the utilities provider’s stock valued at $7,335,000 after buying an additional 7,266 shares during the period. Finally, Morgan Stanley lifted its stake in shares of Just Energy Group by 43.1% in the third quarter. Morgan Stanley now owns 2,073,164 shares of the utilities provider’s stock valued at $6,427,000 after buying an additional 624,612 shares during the period. 28.87% of the stock is currently 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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