Just Energy Group (NYSE:JE) Downgraded to “Sector Underperform” at CIBC

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CIBC lowered shares of Just Energy Group (NYSE:JE) (TSE:JE) from a neutral rating to a sector underperform rating in a research note released on Friday, Briefing.com Automated Import reports.

Other equities analysts also recently issued reports about the stock. ValuEngine downgraded shares of Just Energy Group from a sell rating to a strong sell rating in a research note on Monday, July 29th. TheStreet downgraded shares of Just Energy Group from a c- rating to a d rating in a research note on Wednesday, June 5th. B. Riley set a $6.00 price target on shares of Just Energy Group and gave the stock a buy rating in a research note on Friday, May 17th. Zacks Investment Research downgraded shares of Just Energy Group from a hold rating to a sell rating in a research report on Tuesday, July 16th. Finally, Canaccord Genuity raised shares of Just Energy Group from a hold rating to a buy rating in a research report on Tuesday, May 21st. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The company has an average rating of Hold and an average price target of $5.75.

NYSE JE opened at $1.71 on Friday. Just Energy Group has a 1-year low of $1.42 and a 1-year high of $4.42. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 22.52. The company has a market capitalization of $258.11 million, a PE ratio of 14.25 and a beta of 0.91. The firm’s fifty day simple moving average is $3.79 and its 200-day simple moving average is $3.64.

Just Energy Group (NYSE:JE) (TSE:JE) last posted its quarterly earnings results on Wednesday, August 14th. The utilities provider reported ($1.82) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($1.89). Just Energy Group had a positive return on equity of 47.01% and a negative net margin of 3.21%. The company had revenue of $670.17 million during the quarter, compared to analyst estimates of $911.86 million. During the same period last year, the company posted ($0.45) earnings per share. The company’s revenue was down 4.6% compared to the same quarter last year. As a group, analysts predict that Just Energy Group will post 0.43 EPS for the current year.

Institutional investors have recently bought and sold shares of the business. Susquehanna Fundamental Investments LLC acquired a new stake in shares of Just Energy Group in the second quarter valued at approximately $46,000. Susquehanna International Group LLP increased its holdings in shares of Just Energy Group by 172.9% in the second quarter. Susquehanna International Group LLP now owns 27,981 shares of the utilities provider’s stock valued at $120,000 after purchasing an additional 17,727 shares in the last quarter. Advisors Capital Management LLC increased its holdings in shares of Just Energy Group by 4.9% in the second quarter. Advisors Capital Management LLC now owns 2,482,844 shares of the utilities provider’s stock valued at $10,676,000 after purchasing an additional 116,852 shares in the last quarter. UBS Asset Management Americas Inc. increased its holdings in shares of Just Energy Group by 68.2% in the second quarter. UBS Asset Management Americas Inc. now owns 87,547 shares of the utilities provider’s stock valued at $377,000 after purchasing an additional 35,500 shares in the last quarter. Finally, Jane Street Group LLC increased its holdings in shares of Just Energy Group by 36.9% in the second quarter. Jane Street Group LLC now owns 22,186 shares of the utilities provider’s stock valued at $95,000 after purchasing an additional 5,985 shares in the last quarter. 27.99% of the stock is currently owned by hedge funds and other institutional investors.

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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