Just Energy (TSX: JE), the Utilities sector company was revisited today, yet the Wall Street analyst remains currently on the sidelines. Analyst Endri Leno from National Bank reiterated a Hold rating, with a C$4.50 price target.
Currently, the analyst consensus on Just Energy is a Moderate Buy with an average price target of C$5.20.
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 GAAP net loss of C$68.86 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 Wednesday at C$4.18, close to its 52-week low of C$3.66.
