Other research analysts have also recently issued reports about the stock. Canaccord Genuity upgraded shares of Just Energy Group from a hold rating to a buy rating in a report on Thursday. ValuEngine upgraded shares of Just Energy Group from a hold rating to a buy rating in a report on Friday, December 1st. cut their price target on shares of Just Energy Group from $7.50 to $6.25 and set a buy rating on the stock in a report on Wednesday, November 15th. B. Riley set a $6.25 price target on shares of Just Energy Group and gave the stock a buy rating in a report on Wednesday, November 15th. Finally, TD Securities cut shares of Just Energy Group from a buy rating to a hold rating in a report on Friday, November 10th. Three analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Just Energy Group presently has an average rating of Buy and a consensus target price of $7.17.
Just Energy Group (NYSE JE) opened at $4.52 on Friday. The stock has a market cap of $663.99, a PE ratio of 3.80 and a beta of 0.85. Just Energy Group has a twelve month low of $3.86 and a twelve month high of $6.35. The company has a current ratio of 0.93, a quick ratio of 0.89 and a debt-to-equity ratio of -4.35.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. TD Asset Management Inc. boosted its stake in Just Energy Group by 2.0% in the third quarter. TD Asset Management Inc. now owns 5,429,434 shares of the utilities provider’s stock valued at $31,388,000 after acquiring an additional 107,600 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in Just Energy Group in the second quarter valued at about $4,414,000. DORCHESTER WEALTH MANAGEMENT Co boosted its stake in Just Energy Group by 31.2% in the fourth quarter. DORCHESTER WEALTH MANAGEMENT Co now owns 166,875 shares of the utilities provider’s stock valued at $718,000 after acquiring an additional 39,700 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in Just Energy Group by 249.3% in the second quarter. JPMorgan Chase & Co. now owns 96,847 shares of the utilities provider’s stock valued at $507,000 after acquiring an additional 69,123 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Just Energy Group by 1.9% in the second quarter. The Manufacturers Life Insurance Company now owns 85,324 shares of the utilities provider’s stock valued at $447,000 after acquiring an additional 1,585 shares during the last quarter. Hedge funds and other institutional investors own 28.28% of the company’s stock.
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Just Energy Group Company Profile
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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