Shares of Just Energy (TSE:JE) (NYSE:JE) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as C$5.18 and last traded at C$5.19, with a volume of 154743 shares trading hands. The stock had previously closed at C$5.22.
JE has been the topic of several research reports. National Bank Financial upgraded Just Energy from a “sector perform” rating to an “outperform” rating and boosted their target price for the company from C$6.00 to C$6.25 in a research note on Thursday, February 8th. Canaccord Genuity upgraded Just Energy from a “hold” rating to a “buy” rating and set a C$6.25 target price on the stock in a research note on Thursday, February 8th. Finally, CIBC upgraded Just Energy from a “neutral” rating to an “outperform” rating and lowered their target price for the company from C$7.50 to C$6.50 in a research note on Thursday, February 8th. One analyst has rated the stock with a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of C$6.50.
In other news, insider Ron Joyce sold 167,100 shares of Just Energy stock in a transaction on Friday, March 23rd. The stock was sold at an average price of C$5.70, for a total value of C$952,470.00. Also, Director M. Dallas H. Ross purchased 50,000 shares of Just Energy stock in a transaction dated Monday, March 26th. The stock was bought at an average price of C$5.64 per share, with a total value of C$282,000.00. Over the last quarter, insiders sold 1,012,577 shares of company stock valued at $5,745,012.
About Just Energy
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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