Just Eat PLC (JE) Receives Average Recommendation of “Buy” from Brokerages

Shares of Just Eat PLC (LON:JE) have been given an average rating of “Buy” by the sixteen brokerages that are covering the firm, MarketBeat reports. Five analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is GBX 849.80 ($11.92).

Several brokerages have recently weighed in on JE. JPMorgan Chase & Co. decreased their target price on shares of Just Eat from GBX 835 ($11.71) to GBX 834 ($11.69) and set an “overweight” rating for the company in a research note on Tuesday, October 24th. Canaccord Genuity restated a “buy” rating and issued a GBX 680 ($9.53) target price on shares of Just Eat in a research note on Thursday, October 12th. Deutsche Bank downgraded shares of Just Eat to a “hold” rating and upped their target price for the company from GBX 790 ($11.08) to GBX 830 ($11.64) in a research note on Friday, November 17th. Liberum Capital began coverage on shares of Just Eat in a research note on Wednesday, November 8th. They issued a “buy” rating and a GBX 880 ($12.34) target price for the company. Finally, Peel Hunt restated a “buy” rating and issued a GBX 895 ($12.55) target price on shares of Just Eat in a research note on Friday, November 24th.

Shares of Just Eat (JE) traded up GBX 0.80 ($0.01) during mid-day trading on Friday, hitting GBX 804.40 ($11.28). 1,397,908 shares of the stock traded hands, compared to its average volume of 1,910,000. The stock has a market capitalization of $5,520.00 and a P/E ratio of 6,703.33. Just Eat has a fifty-two week low of GBX 495.07 ($6.94) and a fifty-two week high of GBX 830.40 ($11.64).

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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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