The stock of Just Energy Group Inc (TSE:JE) gapped down by $0.04 today and has $6.25 target or 6.00% below today’s $6.65 share price. The 5 months technical chart setup indicates high risk for the $965.96M company. The gap down was reported on Nov, 9 by Barchart.com. If the $6.25 price target is reached, the company will be worth $57.96M less.
Gaps down are helpful for identifying a resistance level and to could also be used as a tradeable event. If traders are short the stock and it experiece gap down, then its usually advisable to hold the short for a bigger down move. Back-tests of such patterns show that two-thirds of the these patterns the stock performance worsens after the gap. The area gaps close 91% of the time, the breakaway gaps 1%, the continuation gaps 9% and the exhaustion gaps 64%. About 104,745 shares traded hands. Just Energy Group Inc (TSE:JE) has declined 14.03% since April 5, 2016 and is downtrending. It has underperformed by 18.81% the S&P500.
Just Energy Group Inc (TSE:JE) Ratings Coverage
Out of 4 analysts covering Just Energy (TSE:JE), 2 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 50% are positive. $10.0 is the highest target while $7.50 is the lowest. The $8.67 average target is 30.38% above today’s ($6.65) stock price. Just Energy has been the topic of 12 analyst reports since August 14, 2015 according to StockzIntelligence Inc. The rating was downgraded by RBC Capital Markets on Thursday, August 27 to “Sector Perform”. The stock of Just Energy Group Inc (TSE:JE) has “Sector Perform” rating given on Friday, September 16 by RBC Capital Markets. The firm earned “Sector Perform” rating on Friday, May 20 by RBC Capital Markets. The stock has “Outperform” rating given by National Bank Canada on Monday, August 17. FBR Capital initiated Just Energy Group Inc (TSE:JE) rating on Friday, December 18. FBR Capital has “Outperform” rating and $8.0 price target. The stock has “Buy” rating given by Rodman & Renshaw on Thursday, December 10. The stock of Just Energy Group Inc (TSE:JE) has “Hold” rating given on Friday, August 12 by TD Securities. TD Securities maintained Just Energy Group Inc (TSE:JE) on Friday, August 14 with “Hold” rating.
More recent Just Energy Group Inc (TSE:JE) news were published by: Marketwatch.com which released: “Just Energy Group Inc. Announces Closing of Early Redemption of $225 Million …” on November 07, 2016. Also Forbes.com published the news titled: “Just Energy Group Becomes Oversold (JE)” on August 11, 2016. Prnewswire.com‘s news article titled: “Just Energy Customers Now Get More in Comfort, Convenience and Control with …” with publication date: May 03, 2016 was also an interesting one.
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 $965.96 million. The Company’s divisions include Consumer Energy and Commercial Energy. It has a 3.19 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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