TD Securities Keeps a Hold Rating on Just Energy (JE)

By Austin Angelo

Today, an analyst has provided a rating update for Just Energy (JEResearch Report). Analyst Damir Gunja from TD Securities reiterated a Hold rating, with a C$5 price target.

According to TipRanks.com, Gunja is ranked #1458 out of 4918 analysts.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Just Energy with a C$5.13 average price target.

Based on Just Energy’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of C$41.38 million. In comparison, last year the company had a GAAP net loss of C$68.86 million.

Just Energy Group, Inc. engages in the provision of electricity and natural gas commodities, energy efficient solutions, and renewable energy options. It operates through the Consumer Energy, and Commercial Energy segments. The Consumer Energy segment includes cash and cash equivalents, as well as the long-term debt.

The company’s shares closed on Wednesday at C$4.45.