Canadian Energy Company Revisited by B.Riley FBR Analyst

B.Riley FBR analyst Christopher Van Horn maintained a Buy rating on Just Energy Group (JEResearch Report) on November 8 and set a price target of $6.00. The company’s shares closed last Monday at $2.28.

According to TipRanks.com, Horn is a 3-star analyst with an average return of 1.5% and a 52.1% success rate. Horn covers the Consumer Goods sector, focusing on stocks such as Methode Electronics, Cooper Tire Rubber, and Dorman Products.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Just Energy Group with a $4.13 average price target.

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Based on Just Energy Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $206 million. In comparison, last year the company had a GAAP net loss of $16.36 million.

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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.