New Outperform Rating Was Given to Just Energy Group (NYSE:JE)

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Why Has FBR Capital Given Just Energy Group (NYSE:JE) a $8.00 Price Target

In a very recent research note issued on 18 December, FBR Capital analyst has today have commenced coverage coverage for Just Energy Group (NYSE:JE) shares with a Outperform rating. The Estimated Target Price is exactly $8.00.

From a total of 2 analysts covering Just Energy Group (NYSE: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 $7.17 while the lowest target price is $6.92. The mean of all analyst targets is $7.05 with a 24.63% above today’s ($6.82) stock price. Just Energy Group was the topic of 6 analyst reports since August 14, 2015 according to the firm StockzIntelligence Inc. H.C. Wainwright initiated shares on December 10 with “Buy” rating. National Bank Canada downgraded JE stock in a recent report from August 17 to “Sector Perform” rating.

The stock decreased 1.45% or $0.1 on December 17, striking $6.82. Approximately shares of stock traded hands. Just Energy Group Inc (NYSE:JE) has risen 23.33% since May 15, 2015 and is uptrending. It has outperformed by 27.14% the S&P500.

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 $1.02 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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