Just Energy Group Inc (JE) Gets a Buy Rating from B.Riley FBR

B.Riley FBR analyst Carter Driscoll maintained a Buy rating on Just Energy Group Inc (JEResearch Report) yesterday and set a price target of $6. The company’s shares closed yesterday at $3.56.

According to TipRanks.com, Driscoll has currently no stars on a ranking scale of 0-5 stars, with an average return of -6.1% and a 35.7% success rate. Driscoll covers the Industrial Goods sector, focusing on stocks such as Ballard Power Systems, Amer Superconductor, and Ceco Environmental.

Currently, the analyst consensus on Just Energy Group Inc is a Moderate Buy with an average price target of $6.25.

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Based on Just Energy Group Inc’s latest earnings release for the quarter ending December 31, the company reported a quarterly net profit of $20.49 million. In comparison, last year the company had a net profit of $164 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 Consumer Energy, and Commercial Energy segments. The Consumer Energy segment includes cash and cash equivalents, as well as the long-term debt.