FBR Capital Remains a Buy on Just Energy Group Inc

By Ryan Adsit

FBR Capital analyst Carter Driscoll reiterated a Buy rating on Just Energy Group Inc (NYSE: JE) today and set a price target of $7.50. The company’s shares closed yesterday at $5.31.

According to TipRanks.com, Driscoll is ranked 0 out of 5 stars with an average return of -9.2% and a 39.8% success rate. Driscoll covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Amer Superconductor, and Hydrogenics Corp.

Just Energy Group Inc has an analyst consensus of Moderate Buy, with a price target consensus of $7.50.

Based on Just Energy Group Inc’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $688 million and quarterly net profit of $135 million. In comparison, last year the company earned revenue of $783 million and had a net profit of $17.32 million.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Just Energy Group, Inc. engages in the sale of natural gas and electricity to residential and commercial customers under long-term fixed-price, price-protected or variable-priced contracts and green energy products. It specializes in electricity, natural gas and solar and green energy. The company operates through three divisions: Consumer Division, Commercial Division and Residential Solar Division. The Consumer Division provides services to residential and small commercial customers. The Commercial Division provides services to mid-size commercial customers. The Residential Solar sells complementary energy management solutions to solar customers. Just Energy Group was founded by Rebecca MacDonald in July 1997 and is headquartered in Mississauga, Canada.