In a new note to investors on August 24, an analyst has provided a rating update for the Utilities sector company, Just Energy (TSX: JE). RBC Capital’s analyst Nelson Ng reiterates their Buy rating on the shares, with a C$5 price target.
According to TipRanks.com, Ng is ranked #1442 out of 4866 analysts.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Just Energy with a C$5.75 average price target, a 45.6% upside from current levels. In a report issued on August 9, Guggenheim also reiterated a Buy rating on the stock with a C$7 price target.
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The company has a one-year high of C$7.45 and a one-year low of C$3.66. Currently, Just Energy has an average volume of 332.9K.
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$3.95, close to its 52-week low of C$3.66.
