Just Energy Group Inc. (Canada) JENGQ

CIBC research - $14 target

[HermannHaller]

JUST ENERGY GROUP INC.
Revising Price Target To Account For Share Consolidation
Our Conclusion
Just Energy (JE) has completed its recapitalization (recap), 1-for-33 share
consolidation (shares now trading on a post-consolidation basis) and made
changes to its senior management team. The completed recap is key to
addressing the elevated leverage that hampered JE in recent years and
allows the refreshed management team to focus on delivering operational
improvements. With this note, we revise our per share estimates to account
for the share consolidation, but have made no other changes to our forecast.
After reflecting the share consolidation, our price target based on 6x
EV/EBITDA (unchanged) moves to $14. Steadier execution is needed for us
to become more positive on JE. We reiterate our Neutral rating.

[bigkagan]

good news and I'm not selling for one third of what I bought it for, also will wait for a dividend which they will probably introduce soon while the stock rises

[DaveWpg]

I see that the CIBC target of $14 is based on a current EV/EBITDA of about 5 at at share price of about $7.  As far as it goes that makes sense but the problem is that JE profitability is inconsistent and the operating margin it is only about 1% vs a Utilities average of about 15%.  I guess that the change in management is giving hope to some investors, but hope is generally not worth a

[Marky1]

Where did you get this information please? 14$ sounds a bit unrealistic...but I'll take it!!