December 12, 2018 / 4:44 PM / a year ago

BUZZ-Just Energy: Falls after RBC moves to sidelines

** Just Energy Group Inc down 9.1 pct at $4.92 in morning trade after RBC Capital Markets downgrades to “sector perform” from “outperform”

** Cites share price appreciation as reason for downgrade; says JE has delivered a total return of ~39 pct over the past three months

** However raises PT to C$5.50 from C$5.00, to reflect high margin customer additions and a strong likelihood that JE will achieve its 2019 EBITDA guidance

** U.S. listed shares of JE is down 8.9 pct and stock is the 2nd biggest pct loser among NYSE-listed stocks

** Current avg rating on stock is “buy”; median PT is C$5.50

** Canada-listed shares of JE has fallen 9 pct this year (Reporting by Amy Caren Daniel in Bengaluru)

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