Just Eat (LON:JE) Downgraded to Neutral at Citigroup

Just Eat (LON:JE) was downgraded by investment analysts at Citigroup to a “neutral” rating in a research note issued on Wednesday, ThisIsMoney.Co.Uk reports. They currently have a GBX 805 ($10.52) price target on the stock, up from their previous price target of GBX 690 ($9.02). Citigroup‘s target price would indicate a potential downside of 0.32% from the company’s current price.

JE has been the subject of several other research reports. Peel Hunt reiterated a “sell” rating on shares of Just Eat in a research note on Monday, August 5th. Goldman Sachs Group reiterated a “buy” rating and issued a GBX 1,000 ($13.07) price objective on shares of Just Eat in a research note on Friday, July 12th. Jefferies Financial Group decreased their price objective on Just Eat from GBX 1,150 ($15.03) to GBX 1,100 ($14.37) and set a “buy” rating for the company in a research note on Tuesday. Canaccord Genuity reiterated a “buy” rating and issued a GBX 750 ($9.80) price objective on shares of Just Eat in a research note on Tuesday, July 30th. Finally, Royal Bank of Canada decreased their price objective on Just Eat from GBX 900 ($11.76) to GBX 830 ($10.85) and set a “top pick” rating for the company in a research note on Thursday, August 8th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Hold” and an average price target of GBX 798.82 ($10.44).

Shares of JE opened at GBX 807.60 ($10.55) on Wednesday. The firm has a 50-day moving average of GBX 672.78. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 29.47. The stock has a market cap of $5.54 billion and a PE ratio of 139.24. Just Eat has a 1 year low of GBX 519.20 ($6.78) and a 1 year high of GBX 833.14 ($10.89).

Just Eat Company Profile

Just Eat plc, together with its subsidiaries, operates a hybrid marketplace for online food delivery. The company enables consumers to order and pay for food from its restaurant partners. It serves approximately 26 million customers and 100,000 restaurant partners in the United Kingdom, Australia, New Zealand, Canada, Denmark, France, Ireland, Italy, Mexico, Norway, Spain, Switzerland, and Brazil.

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Analyst Recommendations for Just Eat (LON:JE)

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