Just Energy Group (JE) Trading Down 6.6%

Just Energy Group Inc (TSE:JE) (NYSE:JE) was down 6.6% during trading on Thursday . The stock traded as low as C$4.54 and last traded at C$4.55. Approximately 213,371 shares were traded during mid-day trading, a decline of 13% from the average daily volume of 246,525 shares. The stock had previously closed at C$4.87.

Several equities research analysts have recently commented on JE shares. National Bank Financial lifted their target price on Just Energy Group from C$5.00 to C$5.25 and gave the company a “sector perform” rating in a research note on Friday, March 22nd. CIBC decreased their price objective on Just Energy Group from C$5.00 to C$4.75 in a research note on Friday, February 8th. TD Securities decreased their price objective on Just Energy Group from C$6.00 to C$5.00 and set a “hold” rating for the company in a research note on Friday, February 8th. Finally, Canaccord Genuity cut Just Energy Group from a “speculative buy” rating to a “hold” rating and decreased their price objective for the stock from C$5.50 to C$5.00 in a research note on Monday. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of C$5.15.

The company has a debt-to-equity ratio of 445.29, a current ratio of 1.16 and a quick ratio of 0.78. The company has a market capitalization of $728.15 million and a P/E ratio of 3.57.

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About Just Energy Group (TSE:JE)

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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