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 published on Monday, December 18th. They currently have C$7.00 price target on the stock, down from their previous price target of C$7.50.
Several other brokerages also recently weighed in on JE. National Bank Financial reduced their price objective on shares of Just Energy Group from C$6.25 to C$6.00 and set a sector perform rating for the company in a research report on Monday, November 27th. TD Securities downgraded shares of Just Energy Group from a buy rating to a hold rating and reduced their price objective for the stock from C$9.50 to C$6.50 in a research report on Friday, November 10th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of Buy and an average price target of C$6.50.
Just Energy Group (TSE JE) traded down C$0.06 during midday trading on Monday, reaching C$5.03. 376,501 shares of the company’s stock traded hands, compared to its average volume of 418,440. Just Energy Group has a 12 month low of C$5.00 and a 12 month high of C$8.62. The firm has a market cap of $747.48, a PE ratio of 7.62 and a beta of 0.57.
In other news, insider Ron Joyce acquired 100,000 shares of the business’s stock in a transaction on Monday, November 27th. The stock was bought at an average price of C$5.35 per share, for a total transaction of C$535,000.00. Also, insider Morgan Smith purchased 10,000 shares of the stock in a transaction dated Tuesday, December 12th. The shares were bought at an average cost of C$4.15 per share, for a total transaction of C$41,500.00.
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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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