Price Change to Note: Does Just Energy Group Inc Have Any Gas After Achieving 52-Week Low?

Price Change to Note: Does Just Energy Group Inc Have Any Gas After Achieving 52 Week Low?

The stock of Just Energy Group Inc (NYSE:JE) hit a new 52-week low and has $4.56 target or 7.00% below today’s $4.90 share price. The 6 months bearish chart indicates high risk for the $721.23 million company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $4.56 price target is reached, the company will be worth $50.49M 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 144,510 shares traded hands. Just Energy Group Inc (NYSE:JE) has declined 18.12% since April 12, 2016 and is downtrending. It has underperformed by 23.10% the S&P500.

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. On Friday, December 18 the stock rating was initiated by FBR Capital with “Outperform”. The company was initiated on Thursday, December 10 by Rodman and Renshaw. The firm earned “Buy” rating on Thursday, December 10 by H.C. Wainwright. The firm earned “Sector Perform” rating on Monday, August 17 by National Bank Canada.

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 recent Just Energy Group Inc (NYSE: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.

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