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

By Carrie Williams

In a latest note to investors, a research analyst has provided a rating update for the Utilities sector company, Just Energy (TSX: JE). Analyst Damir Gunja from TD Securities rated Just Energy (TSX: JE) a Hold on September 14, setting a C$4.50 price target.

According to TipRanks.com, Gunja is ranked #1584 out of 4876 analysts.

Currently, the analyst consensus on Just Energy is a Moderate Buy with an average price target of C$5.20, which is a 32.7% upside from current levels. In a report issued on September 10, National Bank also maintained a Hold rating on the stock with a C$4.50 price target.

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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 net profit of C$104 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 Monday at C$3.92, close to its 52-week low of C$3.66.