Just Energy Group (TSE:JE) Sets New 52-Week High at $5.76

Just Energy Group Inc (TSE:JE) (NYSE:JE) hit a new 52-week high on Friday . The company traded as high as C$5.76 and last traded at C$5.75, with a volume of 100317 shares traded. The stock had previously closed at C$5.69.

A number of equities research analysts recently weighed in on the company. Royal Bank of Canada decreased their price objective on Saputo from C$52.00 to C$50.00 and set an “outperform” rating for the company in a research note on Friday, June 7th. CIBC restated a “hold” rating on shares of Just Energy Group in a research note on Friday, June 7th. TD Securities decreased their price objective on Transcontinental from C$25.00 to C$22.00 and set a “buy” rating for the company in a research note on Friday, June 7th. Canaccord Genuity cut Magellan Aerospace from a “buy” rating to a “hold” rating and decreased their price objective for the stock from C$21.00 to C$20.00 in a research note on Monday, May 13th. Finally, National Bank Financial upped their price objective on TRANSAT AT from C$8.50 to C$13.00 and gave the stock a “sector perform” rating in a research note on Friday, May 17th. Four research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Just Energy Group has a consensus rating of “Hold” and an average price target of C$5.25.

The business’s 50-day moving average price is C$5.41. The firm has a market capitalization of $851.82 million and a P/E ratio of -6.44. The company has a quick ratio of 0.91, a current ratio of 1.27 and a debt-to-equity ratio of 2,374.38.

Just Energy Group (TSE:JE) (NYSE:JE) last announced its earnings results on Thursday, May 16th. The company reported C$0.20 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of C$0.25 by C($0.05). The company had revenue of C$1.02 billion during the quarter, compared to the consensus estimate of C$1.08 billion. On average, analysts anticipate that Just Energy Group Inc will post 0.43 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Monday, June 17th were issued a $0.125 dividend. This represents a $0.50 dividend on an annualized basis and a dividend yield of 8.68%. The ex-dividend date was Friday, June 14th. Just Energy Group’s dividend payout ratio is presently -56.63%.

Just Energy Group Company Profile (TSE:JE)

Just Energy Group Inc, through its subsidiaries, provides electricity, natural gas, and renewable energy solutions in the United States, Canada, the United Kingdom, Ireland, Germany, and Japan. It operates through Consumer Energy and Commercial Energy segments. The company offers various home and business energy solutions, including long-term fixed-price, variable-price, and flat-bill solutions to residential and commercial customers.

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