Just Eat PLC (JE) Insider Buys £102,000,000 in Stock
Just Eat PLC (LON:JE) insider Frederic Coorevits acquired 17,000,000 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were bought at an average price of GBX 600 ($7.81) per share, with a total value of £102,000,000 ($132,691,557.17).
Shares of Just Eat PLC (LON:JE) traded up 1.06% on Wednesday, reaching GBX 621.50. 3,373,445 shares of the company were exchanged. Just Eat PLC has a 12-month low of GBX 385.50 and a 12-month high of GBX 628.00. The firm has a 50 day moving average price of GBX 576.14 and a 200-day moving average price of GBX 560.55. The stock’s market capitalization is GBX 4.22 billion.
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JE has been the subject of a number of analyst reports. JPMorgan Chase & Co. reiterated an “overweight” rating and issued a GBX 820 ($10.67) price target on shares of Just Eat PLC in a research report on Friday, March 3rd. Barclays PLC reiterated an “overweight” rating and issued a GBX 700 ($9.11) price target on shares of Just Eat PLC in a research report on Tuesday, April 11th. Berenberg Bank reiterated a “buy” rating and issued a GBX 650 ($8.46) price target on shares of Just Eat PLC in a research report on Thursday, February 9th. Numis Securities Ltd reiterated an “add” rating and issued a GBX 650 ($8.46) price target on shares of Just Eat PLC in a research report on Wednesday, February 8th. Finally, Macquarie upgraded shares of Just Eat PLC to an “outperform” rating and set a GBX 610 ($7.94) price target for the company in a research report on Thursday, January 26th. One research analyst has rated the stock with a sell rating, two have given a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of GBX 673.13 ($8.76).
About Just Eat PLC
Just Eat plc is a United Kingdom-based operator of digital marketplace for takeaway food delivery. The Company’s segments include the UK, Australia & New Zealand, Established Markets and Developing Markets. The Established Markets includes Benelux, Canada, Denmark, France, Ireland, Norway and Switzerland.
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