Just Eat (LON:JE) was downgraded by investment analysts at Deutsche Bank to a “sell” rating in a note issued to investors on Monday. They currently have a GBX 630 ($8.70) price target on the stock, down from their prior price target of GBX 830 ($11.47). Deutsche Bank’s price objective would suggest a potential downside of 19.40% from the company’s current price.
A number of other research firms also recently weighed in on JE. JPMorgan Chase & Co. lifted their target price on Just Eat from GBX 841 ($11.62) to GBX 967 ($13.36) and gave the stock an “overweight” rating in a report on Thursday, November 30th. Barclays reissued an “overweight” rating and set a GBX 1,000 ($13.82) target price on shares of Just Eat in a report on Wednesday, March 7th. Liberum Capital lifted their target price on Just Eat from GBX 880 ($12.16) to GBX 935 ($12.92) and gave the stock a “buy” rating in a report on Thursday, February 1st. Numis Securities reissued an “add” rating and set a GBX 948 ($13.10) target price on shares of Just Eat in a report on Monday, January 15th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a GBX 840 ($11.61) target price on shares of Just Eat in a report on Tuesday, March 6th. One analyst has rated the stock with a sell rating, four have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Just Eat currently has a consensus rating of “Buy” and a consensus target price of GBX 882.73 ($12.20).
Just Eat (LON:JE) traded down GBX 6.80 ($0.09) on Monday, hitting GBX 781.60 ($10.80). The stock had a trading volume of 5,277,568 shares, compared to its average volume of 3,350,000. Just Eat has a 12 month low of GBX 544 ($7.52) and a 12 month high of GBX 906 ($12.52). The firm has a market capitalization of $5,320.00 and a P/E ratio of -5,210.67.
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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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