Just Eat (JE) Given Overweight Rating at JPMorgan Chase & Co.

Just Eat (LON:JE)‘s stock had its “overweight” rating reissued by investment analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Thursday. They currently have a GBX 967 ($13.11) price target on the stock. JPMorgan Chase & Co.’s target price indicates a potential upside of 20.60% from the company’s current price.

Several other research firms also recently issued reports on JE. Peel Hunt reaffirmed a “buy” rating and set a GBX 895 ($12.14) price target on shares of Just Eat in a research note on Thursday, November 16th. Goldman Sachs Group reissued a “conviction-buy” rating and set a GBX 920 ($12.48) price objective on shares of Just Eat in a report on Friday, November 24th. Liberum Capital began coverage on shares of Just Eat in a report on Wednesday, November 8th. They set a “buy” rating and a GBX 880 ($11.93) price objective for the company. Deutsche Bank reissued a “hold” rating and set a GBX 830 ($11.26) price objective on shares of Just Eat in a report on Monday, December 4th. Finally, Barclays raised shares of Just Eat to an “overweight” rating and raised their price objective for the stock from GBX 700 ($9.49) to GBX 1,000 ($13.56) in a report on Thursday, January 11th. Four equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of GBX 848 ($11.50).

Just Eat (JE) traded up GBX 6.80 ($0.09) during trading on Thursday, reaching GBX 801.80 ($10.87). 2,956,250 shares of the company traded hands, compared to its average volume of 2,040,000. Just Eat has a 12-month low of GBX 495.07 ($6.71) and a 12-month high of GBX 827 ($11.22). The stock has a market cap of $5,450.00 and a P/E ratio of 6,681.67.

In other Just Eat news, insider Frederic Coorevits sold 13,500,000 shares of the business’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of GBX 760 ($10.31), for a total transaction of £102,600,000 ($139,137,510.17).

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About Just Eat

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.

Analyst Recommendations for Just Eat (LON:JE)

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