Just Eat (JE) Given New GBX 790 Price Target at Royal Bank of Canada

Just Eat (LON:JE) had its target price hoisted by research analysts at Royal Bank of Canada from GBX 760 ($10.67) to GBX 790 ($11.09) in a research report issued to clients and investors on Monday. The firm presently has an “equal weight” rating on the stock. Royal Bank of Canada’s target price would suggest a potential downside of 3.07% from the company’s previous close.

Several other research analysts have also recently weighed in on JE. Peel Hunt reaffirmed a “buy” rating and set a GBX 895 ($12.57) price objective on shares of Just Eat in a research report on Monday, October 2nd. JPMorgan Chase & Co. upped their price objective on Just Eat from GBX 826 ($11.60) to GBX 835 ($11.73) and gave the stock an “overweight” rating in a research report on Tuesday, October 3rd. Canaccord Genuity reaffirmed a “buy” rating and set a GBX 680 ($9.55) price objective on shares of Just Eat in a research report on Thursday, October 12th. Deutsche Bank reaffirmed a “buy” rating and set a GBX 760 ($10.67) price objective on shares of Just Eat in a research report on Friday, October 13th. Finally, Numis Securities reaffirmed an “add” rating and set a GBX 845 ($11.87) price objective on shares of Just Eat in a research report on Tuesday, October 31st. Five equities research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average price target of GBX 846.13 ($11.88).

Just Eat (JE) traded down GBX 4.40 ($0.06) during mid-day trading on Monday, hitting GBX 815 ($11.45). The stock had a trading volume of 2,530,000 shares, compared to its average volume of 2,060,000. The firm has a market capitalization of $5,540.00 and a PE ratio of 6,791.67. Just Eat has a 52 week low of GBX 495.07 ($6.95) and a 52 week high of GBX 830.40 ($11.66).

In other news, insider Frederic Coorevits sold 13,500,000 shares of the firm’s stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of GBX 760 ($10.67), for a total value of £102,600,000 ($144,080,887.52).

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Just Eat 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.

Analyst Recommendations for Just Eat (LON:JE)

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