Canaccord Genuity Reaffirms Buy Rating for Just Eat PLC (JE)
Just Eat PLC (LON:JE)‘s stock had its “buy” rating restated by equities researchers at Canaccord Genuity in a report issued on Thursday. They currently have a GBX 680 ($8.94) target price on the stock. Canaccord Genuity’s price objective indicates a potential downside of 3.27% from the stock’s previous close.
JE has been the subject of a number of other reports. J P Morgan Chase & Co increased their price objective on shares of Just Eat PLC from GBX 824 ($10.83) to GBX 826 ($10.86) and gave the company an “overweight” rating in a research note on Friday, July 28th. Macquarie reiterated an “outperform” rating and set a GBX 747 ($9.82) price objective on shares of Just Eat PLC in a research note on Monday, September 25th. Morgan Stanley initiated coverage on shares of Just Eat PLC in a research note on Thursday, June 22nd. They set an “equal weight” rating on the stock. Peel Hunt reiterated a “buy” rating and set a GBX 895 ($11.77) price objective on shares of Just Eat PLC in a research note on Thursday, July 20th. Finally, Deutsche Bank AG reduced their price objective on shares of Just Eat PLC from GBX 785 ($10.32) to GBX 760 ($9.99) and set a “buy” rating on the stock in a research note on Tuesday, August 8th. Four equities research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of GBX 730.07 ($9.60).
Shares of Just Eat PLC (JE) traded up 6.54% during trading on Thursday, hitting GBX 749.00. The stock had a trading volume of 3,858,306 shares. The firm has a 50 day moving average price of GBX 674.93 and a 200 day moving average price of GBX 639.34. The firm’s market cap is GBX 5.07 billion. Just Eat PLC has a 12-month low of GBX 495.07 and a 12-month high of GBX 758.50.
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In other Just Eat PLC news, insider David Buttress sold 784,649 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of GBX 636 ($8.36), for a total transaction of £4,990,367.64 ($6,561,093.40).
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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