Just Energy Group’s (JE) Sell Rating Reaffirmed at Peel Hunt

Peel Hunt reiterated their sell rating on shares of Just Energy Group (NYSE:JE) (TSE:JE) in a research report released on Monday, Stock Target Advisor reports.

JE has been the topic of several other research reports. CIBC upgraded Just Energy Group from an underperform rating to a hold rating in a research note on Thursday, August 22nd. Royal Bank of Canada restated a hold rating on shares of Just Energy Group in a research note on Friday, August 16th. ValuEngine upgraded Just Energy Group from a hold rating to a buy rating in a research note on Wednesday, October 2nd. B. Riley set a $6.00 target price on Just Energy Group and gave the company a buy rating in a research note on Friday, August 16th. Finally, Canaccord Genuity cut Just Energy Group from a buy rating to a hold rating in a research note on Tuesday, October 8th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and a consensus price target of $5.75.

Shares of JE traded up $0.03 on Monday, hitting $2.43. The company’s stock had a trading volume of 13,970 shares, compared to its average volume of 1,943,999. The company has a quick ratio of 0.91, a current ratio of 0.92 and a debt-to-equity ratio of 22.52. The firm’s fifty day moving average price is $1.84 and its 200-day moving average price is $3.05. Just Energy Group has a fifty-two week low of $1.08 and a fifty-two week high of $4.42. The firm has a market capitalization of $363.31 million, a price-to-earnings ratio of 20.42 and a beta of 1.22.

Just Energy Group (NYSE:JE) (TSE:JE) last released its earnings results on Wednesday, August 14th. The utilities provider reported ($1.82) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($1.89). The firm had revenue of $670.17 million during the quarter, compared to the consensus estimate of $911.86 million. Just Energy Group had a negative net margin of 9.76% and a negative return on equity of 325.10%. The company’s revenue was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.45) EPS. As a group, equities analysts predict that Just Energy Group will post -1.38 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Susquehanna Fundamental Investments LLC bought a new stake in shares of Just Energy Group during the 2nd quarter worth approximately $46,000. A.R.T. Advisors LLC bought a new stake in shares of Just Energy Group during the 2nd quarter worth approximately $73,000. Jane Street Group LLC raised its stake in shares of Just Energy Group by 36.9% during the 2nd quarter. Jane Street Group LLC now owns 22,186 shares of the utilities provider’s stock worth $95,000 after purchasing an additional 5,985 shares in the last quarter. Susquehanna International Group LLP raised its stake in shares of Just Energy Group by 172.9% during the 2nd quarter. Susquehanna International Group LLP now owns 27,981 shares of the utilities provider’s stock worth $120,000 after purchasing an additional 17,727 shares in the last quarter. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Just Energy Group during the 2nd quarter worth approximately $134,000. Hedge funds and other institutional investors own 28.96% of the company’s stock.

About Just Energy Group

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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