Just Energy Group Inc Gets a Buy Rating from H.C. Wainwright

By Austin Angelo

In a report issued on May 19, Amit Dayal from H.C. Wainwright reiterated a Buy rating on Just Energy Group Inc (NYSE: JE), with a price target of $10. The company’s shares closed yesterday at $5.26.

According to TipRanks.com, Dayal is ranked 0 out of 5 stars with an average return of -14.8% and a 29.8% success rate. Dayal covers the Technology sector, focusing on stocks such as Revolution Lighting Technologies, Superconductor Technologies Inc, and Ascent Solar Technologies.

Currently, the analyst consensus on Just Energy Group Inc is Moderate Buy and the average price target is $8.75, representing a 66.3% upside.

In a report issued on May 19, FBR Capital also reiterated a Buy rating on the stock with a $7.50 price target.

The company has a one year high of $6.77 and a one year low of $4.86. Currently, Just Energy Group Inc has an average volume of 138K.

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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.