Royal Bank of Canada Trims Just Energy Group (TSE:JE) Target Price to C$5.00
Just Energy Group (TSE:JE) (NYSE:JE) had its price target decreased by research analysts at Royal Bank of Canada from C$6.00 to C$5.00 in a research report issued to clients and investors on Friday, August 24th. The firm currently has an “outperform” rating on the stock. Royal Bank of Canada’s target price would indicate a potential upside of 30.89% from the stock’s current price.
Several other research analysts also recently weighed in on the stock. National Bank Financial downgraded shares of Just Energy Group from an “outperform” rating to a “sector perform” rating and cut their target price for the company from C$5.50 to C$5.00 in a research note on Tuesday, August 21st. Canaccord Genuity dropped their price objective on shares of Just Energy Group from C$5.25 to C$4.50 in a research note on Monday, August 20th. HC Wainwright reaffirmed a “buy” rating on shares of Just Energy Group in a research note on Friday, August 10th. TD Securities decreased their target price on Just Energy Group from C$6.50 to C$5.00 and set a “hold” rating for the company in a report on Friday, May 18th. Finally, CIBC decreased their target price on Just Energy Group from C$6.50 to C$6.00 in a report on Friday, May 18th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Just Energy Group has an average rating of “Buy” and a consensus target price of C$5.00.
Shares of Just Energy Group stock traded down C$0.07 on Friday, hitting C$3.82. The company’s stock had a trading volume of 381,800 shares, compared to its average volume of 400,373. Just Energy Group has a 52-week low of C$3.66 and a 52-week high of C$7.45.
In other news, Director Brett Perlman purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The shares were acquired at an average cost of C$301.00 per share, with a total value of C$3,010,000.00. Also, insider Ron Joyce purchased 100,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 22nd. The shares were purchased at an average cost of C$3.78 per share, for a total transaction of C$378,000.00. In the last 90 days, insiders acquired 124,000 shares of company stock valued at $3,439,100.
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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