Just Energy Group (TSE:JE) Trading 9.5% Higher

Just Energy Group Inc (TSE:JE) (NYSE:JE)’s stock price traded up 9.5% on Thursday . The stock traded as high as C$2.90 and last traded at C$2.87, 500,241 shares traded hands during trading. A decline of 6% from the average session volume of 530,574 shares. The stock had previously closed at C$2.62.

Several analysts recently weighed in on the company. CIBC raised Just Energy Group from an “underperform” rating to a “neutral” rating in a report on Thursday, August 22nd. TD Securities dropped their price target on Just Energy Group from C$5.00 to C$3.25 and set a “hold” rating for the company in a report on Friday, August 16th. Finally, Royal Bank of Canada dropped their price target on Just Energy Group from C$4.50 to C$2.50 and set a “sector perform” rating for the company in a report on Friday, August 16th. Five investment analysts have rated the stock with a hold rating, Just Energy Group has an average rating of “Hold” and an average price target of C$3.50.

The stock has a market capitalization of $396.09 million and a price-to-earnings ratio of -0.90. The company has a debt-to-equity ratio of 2,374.38, a quick ratio of 0.48 and a current ratio of 0.94. The company has a fifty day simple moving average of C$2.12 and a two-hundred day simple moving average of C$4.12.

Just Energy Group (TSE:JE) (NYSE:JE) last announced its quarterly earnings data on Wednesday, August 14th. The company reported C($0.21) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.10 by C($0.31). The business had revenue of C$670.17 million during the quarter, compared to analysts’ expectations of C$947.10 million. As a group, equities analysts anticipate that Just Energy Group Inc will post 0.43 earnings per share for the current year.

Just Energy Group Company Profile (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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