RBC Capital Maintains a Hold Rating on Just Energy (JE)


Just Energy (JE) has received a rating update from a Wall Street analyst today. RBC Capital’s analyst Nelson Ng reiterates their Hold rating on the shares, with a C$2.50 price target.

According to TipRanks.com, Ng is a 4-star analyst with an average return of 17.1% and a 76.5% success rate. Ng covers the Utilities sector, focusing on stocks such as Brookfield Renewable Partners L.P., Algonquin Power & Utilities Corp, and Just Energy Group Inc.

Currently, the analyst consensus on Just Energy is a Moderate Buy with an average price target of C$3.50.

Based on Just Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly GAAP net loss of C$86.98 million. In comparison, last year the company had a GAAP net loss of C$41.38 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 following segments: Consumer Energy, and Commercial Energy. The Consumer Energy segment includes cash and cash equivalents, as well as the long-term debt.

The company’s shares closed last Friday at C$2.08.

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