Just Energy Group Inc (TSE:JE) (NYSE:JE) has been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is C$4.90.
A number of analysts recently issued reports on the company. Royal Bank of Canada decreased their price objective on Just Energy Group from C$6.00 to C$5.00 and set an “outperform” rating on the stock in a research note on Friday, August 24th. Canaccord Genuity decreased their price objective on Just Energy Group from C$5.25 to C$4.50 in a research note on Monday, August 20th. TD Securities reduced their target price on Just Energy Group from C$5.00 to C$4.50 and set a “hold” rating for the company in a research report on Monday, September 17th. National Bank Financial reduced their target price on Just Energy Group from C$5.00 to C$4.50 and set a “sector perform” rating for the company in a research report on Monday, August 27th. Finally, HC Wainwright restated a “buy” rating on shares of Just Energy Group in a research report on Friday, August 10th.
In other Just Energy Group news, insider Ron Joyce purchased 100,000 shares of the stock in a transaction on Wednesday, August 22nd. The stock was acquired at an average price of C$3.78 per share, with a total value of C$378,000.00. Also, Director M. Dallas H. Ross purchased 11,900 shares of the stock in a transaction on Tuesday, September 25th. The shares were acquired at an average cost of C$3.96 per share, with a total value of C$47,124.00. Insiders have purchased a total of 132,448 shares of company stock valued at $3,467,748 over the last 90 days.
Shares of JE traded down C$0.06 during mid-day trading on Wednesday, hitting C$4.04. The stock had a trading volume of 232,600 shares, compared to its average volume of 405,522. Just Energy Group has a 52 week low of C$3.66 and a 52 week high of C$7.45.
Just Energy Group (TSE:JE) (NYSE:JE) last released its quarterly earnings data on Wednesday, August 8th. The company reported C($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.11 by C($0.15). The company had revenue of C$876.46 million during the quarter, compared to the consensus estimate of C$913.00 million.
The business also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Saturday, September 15th were issued a dividend of $0.125 per share. This represents a $0.50 annualized dividend and a yield of 12.38%. The ex-dividend date was Thursday, September 13th.
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.
Further Reading: Book Value Per Share – BVPS
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