The stock of Just Energy Group Inc (NYSE:JE) hit a new 52-week low and has $4.56 target or 9.00% below today’s $5.01 share price. The 5 months bearish chart indicates high risk for the $740.35M company. The 1-year low was reported on Oct, 5 by Barchart.com. If the $4.56 price target is reached, the company will be worth $66.63M less.
The 52-week low event is an important milestone for every stock because it shows very negative momentum and is time when sellers come in. During such technical setups, fundamental investors usually stay away and are careful buying the stock. The stock last traded at $5.01 per share. It is down 18.27% since March 2, 2016 and is downtrending. It has underperformed by 26.53% the S&P500.
Analysts await Just Energy Group Inc (NYSE:JE) to report earnings on November, 10. They expect $-0.16 EPS, up 65.96% or $0.31 from last year’s $-0.47 per share. After $-0.04 actual EPS reported by Just Energy Group Inc for the previous quarter, Wall Street now forecasts 300.00% negative EPS growth.
Just Energy Group Inc (NYSE:JE) Ratings Coverage
Out of 6 analysts covering Just Energy Group (NYSE:JE), 3 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 50% are positive. Just Energy Group has been the topic of 7 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The stock of Just Energy Group Inc (NYSE:JE) has “Buy” rating given on Thursday, December 10 by H.C. Wainwright. On Thursday, December 10 the stock rating was initiated by Rodman and Renshaw with “Buy”. The stock of Just Energy Group Inc (NYSE:JE) earned “Sector Perform” rating by National Bank Canada on Monday, August 17. FBR Capital initiated the shares of JE in a report on Friday, December 18 with “Outperform” rating.
According to Zacks Investment Research, “Just Energy Group Inc. is engaged in the sale of natural gas and/or electricity to residential and commercial customers under long-term fixed-price and price-protected contracts. It also offers green products through its JustGreen and JustClean programs. Just Energy also sells and rents high efficiency and tankless water heaters, air conditioners and furnaces to Ontario residents. It also produces and sells wheat-based ethanol through its subsidiary Terra Grain Fuels. Just Energy Group Inc. is based in Toronto.”
More notable recent Just Energy Group Inc (NYSE:JE) news were published by: Marketwired.com which released: “Just Energy Group Inc. Announces Closing of $160 Million Convertible Unsecured …” on October 05, 2016, also Gurufocus.com with their article: “Just Energy Group Inc. Announces JPMorgan Chase Bank as Additional Lender to …” published on October 04, 2016, Marketwatch.com published: “Just Energy Group Inc. Announces June Quarterly Dividend” on June 01, 2016. More interesting news about Just Energy Group Inc (NYSE:JE) were released by: Forbes.com and their article: “Just Energy Group Becomes Oversold (JE)” published on August 11, 2016 as well as Marketwatch.com‘s news article titled: “Just Energy Group Inc. Redeems $25 Million of Principal on Its 9.75% Senior …” with publication date: June 30, 2016.
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