Just Energy Group (TSE:JE) Downgraded by Royal Bank of Canada to “Underperform”

Royal Bank of Canada lowered shares of Just Energy Group (TSE:JE) (NYSE:JE) from a sector perform rating to an underperform rating in a research report sent to investors on Wednesday morning, BayStreet.CA reports.

Several other equities research analysts also recently weighed in on JE. Canaccord Genuity reduced their price objective on shares of Just Energy Group from C$1.50 to C$0.70 in a report on Monday, April 13th. CIBC dropped their target price on Just Energy Group from C$0.75 to C$0.50 in a report on Friday, July 10th.

Shares of TSE:JE opened at C$0.49 on Wednesday. The company has a current ratio of 0.65, a quick ratio of 0.41 and a debt-to-equity ratio of 2,374.38. The company has a fifty day simple moving average of C$0.66 and a 200 day simple moving average of C$1.00. The firm has a market cap of $74.30 million and a PE ratio of -0.23. Just Energy Group has a 12-month low of C$0.46 and a 12-month high of C$4.71.

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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