Could Just Energy Group Inc Change Direction After Reaching 52-Week Low?


The stock of Just Energy Group Inc (TSE:JE) hit a new 52-week low and has $6.46 target or 5.00% below today’s $6.80 share price. The 7 months bearish chart indicates high risk for the $1000.00 million company. The 1-year low was reported on Sep, 13 by If the $6.46 price target is reached, the company will be worth $50.00 million 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. About 244,477 shares traded hands. Just Energy Group Inc (TSE:JE) has declined 22.95% since February 5, 2016 and is downtrending. It has underperformed by 39.43% the S&P500.

Out of 4 analysts covering Just Energy Group (TSE:JE), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $10.0 is the highest target while $8.0 is the lowest. The $8.80 average target is 29.41% above today’s ($6.8) stock price. Just Energy Group has been the topic of 7 analyst reports since November 13, 2015 according to StockzIntelligence Inc.

Just Energy Group Inc. is an energy management solutions well-known provider engaged in electricity, natural gas, solar and green energy. The company has a market cap of $1000.00 million. The Company’s divisions include Consumer Energy and Commercial Energy. It has a 3.26 P/E ratio. The Firm operates in the United States, Canada and the United Kingdom, offering a range of energy products, including long-term fixed-price, variable rate and flat bill programs; home energy management services, including smart thermostats and tools to manage energy use at the appliance level, and residential solar panel installations.

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