Just Energy Group (JE) Given a $6.00 Price Target at B. Riley

B. Riley set a $6.00 price target on Just Energy Group (NYSE:JE) (TSE:JE) in a research note published on Friday, TipRanks reports. The firm currently has a buy rating on the utilities provider’s stock.

JE has been the topic of a number of other reports. Zacks Investment Research lowered Just Energy Group from a hold rating to a sell rating in a research note on Wednesday, March 13th. ValuEngine lowered Just Energy Group from a sell rating to a strong sell rating in a research note on Friday. HC Wainwright set a $7.00 price objective on Just Energy Group and gave the company a buy rating in a research note on Friday. National Bank Financial reiterated a hold rating on shares of Just Energy Group in a research note on Friday, March 22nd. Finally, CIBC set a $5.00 price objective on Just Energy Group and gave the company a hold rating in a research note on Thursday, March 21st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. Just Energy Group has an average rating of Hold and an average target price of $5.75.

Shares of NYSE:JE traded up $0.09 during midday trading on Friday, reaching $3.21. 290,262 shares of the company traded hands, compared to its average volume of 192,526. The company has a debt-to-equity ratio of 3.52, a quick ratio of 1.12 and a current ratio of 1.16. Just Energy Group has a 12 month low of $2.80 and a 12 month high of $4.34. The firm has a market cap of $468.25 million, a price-to-earnings ratio of 26.75 and a beta of 0.56.

A number of institutional investors have recently bought and sold shares of the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Just Energy Group by 73.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,093 shares of the utilities provider’s stock worth $33,000 after purchasing an additional 4,289 shares in the last quarter. First Allied Advisory Services Inc. purchased a new position in shares of Just Energy Group in the 4th quarter worth about $42,000. Dfpg Investments Inc. purchased a new position in shares of Just Energy Group in the 4th quarter worth about $43,000. Roosevelt Investment Group Inc. purchased a new position in shares of Just Energy Group in the 4th quarter worth about $53,000. Finally, Ladenburg Thalmann Financial Services Inc. boosted its holdings in shares of Just Energy Group by 20.9% in the 1st quarter. Ladenburg Thalmann Financial Services Inc. now owns 17,042 shares of the utilities provider’s stock worth $58,000 after purchasing an additional 2,950 shares in the last quarter. Institutional investors and hedge funds own 28.87% 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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