Just Eat PLC (JE) Price Target Raised to GBX 825 at Credit Suisse Group
Just Eat PLC (LON:JE) had its price objective raised by Credit Suisse Group from GBX 780 ($10.07) to GBX 825 ($10.65) in a research note issued to investors on Friday. The brokerage currently has an “outperform” rating on the stock. Credit Suisse Group’s target price points to a potential upside of 18.88% from the company’s previous close.
A number of other research analysts have also recently commented on the stock. Peel Hunt restated a “buy” rating and set a GBX 895 ($11.56) price target on shares of Just Eat PLC in a research note on Thursday, July 20th. Macquarie restated an “outperform” rating and set a GBX 730 ($9.43) price target on shares of Just Eat PLC in a research note on Thursday, July 6th. Morgan Stanley started coverage on shares of Just Eat PLC in a research note on Thursday, June 22nd. They set an “equal weight” rating for the company. Shore Capital restated a “buy” rating on shares of Just Eat PLC in a research note on Tuesday, July 18th. Finally, J P Morgan Chase & Co restated an “overweight” rating on shares of Just Eat PLC in a research note on Friday, July 7th. Four equities research analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of GBX 728.33 ($9.41).
Just Eat PLC (LON JE) traded down 0.29% during trading on Friday, hitting GBX 694.00. The stock had a trading volume of 1,553,077 shares. The stock has a 50-day moving average price of GBX 647.68 and a 200-day moving average price of GBX 615.34. Just Eat PLC has a 52 week low of GBX 495.07 and a 52 week high of GBX 723.00. The company’s market cap is GBX 4.69 billion.
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In other news, insider David Buttress sold 784,649 shares of the firm’s stock in a transaction that occurred on Thursday, August 24th. The shares were sold at an average price of GBX 636 ($8.21), for a total transaction of £4,990,367.64 ($6,445,005.35).
Just Eat PLC Company Profile
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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