Just Energy (TSX: JE), the Utilities sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. The company received a Hold rating from Canaccord Genuity’s analyst Raveel Afzaal, with a C$4.50 price target.
According to TipRanks.com, Afzaal is ranked #2510 out of 4856 analysts.
Currently, the analyst consensus on Just Energy is a Moderate Buy with an average price target of C$5.83, implying a 45.0% upside from current levels. In a report issued on August 9, CIBC also reiterated a Hold rating on the stock.
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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 Friday at C$4.02, close to its 52-week low of C$3.97.
