Just Energy (TSE:JE) Reaching An Inflection Point; FBR Capital Initiates Shares At “Outperform” with $8 target

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Why Has FBR Capital Given Just Energy (TSE:JE) a $8 Price Target

Toronto: Just Energy (TSE:JE) coverage was initiated with a key ‘”Outperform”‘ rating as well as a $8 target price per share at FBR Capital. The target price per share by FBR Capital suggests downside of -15.97% from the stock price.

From a total of 5 analysts covering Just Energy (TSE:JE) stock, 0 rate it a ”Buy”, 0 a “Sell”, and 0 a ”Hold”. This means that NaN of the ratings are positive. The highest target price is $6.54 while the lowest target price is $2.91. The mean of all analyst targets is $5.67 with a -12.82% below today’s ($9.52) stock price. Just Energy was the topic of 6 analyst reports since August 14, 2015 according to the firm StockzIntelligence Inc. Rodman & Renshaw reinitiated shares on December 10 with “Buy” rating. TD Securities maintained JE stock in a recent report from August 14 with “Hold” rating.

The stock decreased 0.10% or $0.01 on December 17, striking $9.52. Approximately 591,520 shares of stock traded hands or 127.53% up from the average. Just Energy Group Inc (TSE:JE) has risen 43.37% since May 15, 2015 and is uptrending. It has outperformed by 47.18% the S&P500.

Just Energy (TSE:JE) Reaching An Inflection Point; FBR Capital Initiates Shares At

Just Energy Group Inc. is a Canada energy management solutions well-known provider engaged in electricity, natural gas, solar and green energy. The company has a market cap of $1.40 billion. The Company’s divisions include Consumer Energy and Commercial Energy. It currently has negative earnings. The Firm operates in the United States, Canada and the United Kingdom, offering a range of energy products and home energy management services, including long-term fixed-price, variable-priced, and flat-bill programs, smart thermostats and residential solar panel installations.

According to Zacks Investment Research, “Just Energy Group Inc. is engaged in the sale of natural gas and/or electricity to residential and commercial customers under long-term fixed-price and price-protected contracts. It also offers green products through its JustGreen and JustClean programs. Just Energy also sells and rents high efficiency and tankless water heaters, air conditioners and furnaces to Ontario residents. It also produces and sells wheat-based ethanol through its subsidiary Terra Grain Fuels. Just Energy Group Inc. is based in Toronto.”

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