June 7, 2019 / 1:11 PM / 4 months ago

BUZZ-Just Energy Group: Brokerages raise PTs after co announces strategic review

** At least 3 brokerages raise PT on utility after co announces strategic review on Thursday

** CIBC Capital Markets, TD Securities raise PT by C$1 each to C$5.50; RBC Capital Markets to C$5.50 from C$5; median PT is C$5.50

** With recent interest in electricity retail cos in the U.S., a sale might be a quicker way to unlock value - CIBC

** Given JE’s business mix, leverage and valuation, a large premium may not be offered by buyers - CIBC

** Upto Thursday’s close, stock had risen ~18% YTD (Reporting by Debroop Roy in Bengaluru)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below