Just Energy Group (JE) Rating Increased to Buy at ValuEngine

Just Energy Group (NYSE:JE) (TSE:JE) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

A number of other brokerages have also commented on JE. Canaccord Genuity reiterated a “hold” rating and issued a $7.25 price target on shares of Just Energy Group in a research note on Monday, October 16th. Zacks Investment Research lowered shares of Just Energy Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 11th. BidaskClub upgraded shares of Just Energy Group from a “hold” rating to a “buy” rating in a research report on Tuesday, August 22nd. HC Wainwright set a $10.00 target price on shares of Just Energy Group and gave the company a “buy” rating in a research report on Friday, August 11th. Finally, TD Securities lowered shares of Just Energy Group from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Three equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $7.17.

Shares of Just Energy Group (JE) traded up $0.04 during mid-day trading on Friday, hitting $4.36. 187,156 shares of the stock were exchanged, compared to its average volume of 196,783. Just Energy Group has a 52-week low of $4.08 and a 52-week high of $6.35. The company has a market capitalization of $640.27, a price-to-earnings ratio of 4.15 and a beta of 0.91. The company has a debt-to-equity ratio of -7.46, a current ratio of 1.16 and a quick ratio of 1.12.

A number of hedge funds and other institutional investors have recently made changes to their positions in JE. Parametric Portfolio Associates LLC bought a new stake in Just Energy Group during the first quarter valued at approximately $166,000. JPMorgan Chase & Co. purchased a new position in Just Energy Group during the first quarter valued at approximately $174,000. Vanguard Group Inc. lifted its holdings in Just Energy Group by 2.9% during the first quarter. Vanguard Group Inc. now owns 2,559,218 shares of the utilities provider’s stock valued at $16,020,000 after purchasing an additional 72,823 shares in the last quarter. TD Asset Management Inc. lifted its holdings in Just Energy Group by 3.4% during the second quarter. TD Asset Management Inc. now owns 5,321,834 shares of the utilities provider’s stock valued at $27,865,000 after purchasing an additional 173,500 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its holdings in Just Energy Group by 72.9% during the second quarter. DekaBank Deutsche Girozentrale now owns 68,912 shares of the utilities provider’s stock valued at $362,000 after purchasing an additional 29,059 shares in the last quarter. Institutional investors own 29.94% of the company’s stock.

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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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