Canaccord Genuity Reiterates Buy Rating for Just Eat PLC (JE)
Just Eat PLC (LON:JE)‘s stock had its “buy” rating reissued by research analysts at Canaccord Genuity in a research note issued on Tuesday. They presently have a GBX 680 ($8.88) price objective on the stock. Canaccord Genuity’s target price indicates a potential upside of 25.93% from the company’s current price.
A number of other equities research analysts have also recently issued reports on JE. Citigroup Inc. reissued a “buy” rating on shares of Just Eat PLC in a research note on Monday, June 13th. Barclays PLC cut shares of Just Eat PLC to an “equal weight” rating and lifted their price target for the company from GBX 550 ($7.18) to GBX 630 ($8.22) in a research note on Thursday, August 25th. Credit Suisse Group AG began coverage on shares of Just Eat PLC in a research note on Thursday, July 7th. They issued an “outperform” rating and a GBX 560 ($7.31) price target on the stock. JPMorgan Chase & Co. reissued an “overweight” rating and issued a GBX 810 ($10.57) price target (up previously from GBX 780 ($10.18)) on shares of Just Eat PLC in a research note on Monday, August 1st. Finally, Deutsche Bank AG began coverage on shares of Just Eat PLC in a research note on Thursday, July 21st. They issued a “buy” rating and a GBX 630 ($8.22) price target on the stock. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of GBX 594.79 ($7.76).
Just Eat PLC (LON:JE) opened at 539.00 on Tuesday. The company’s market cap is GBX 3.63 billion. Just Eat PLC has a 52-week low of GBX 319.60 and a 52-week high of GBX 603.85. The firm’s 50-day moving average is GBX 560.19 and its 200-day moving average is GBX 455.02.
About Just Eat PLC
JUST EAT plc operates a digital marketplace for takeaway food delivery. The Company’s segments include United Kingdom, Australia and New Zealand, Established Markets and Developing Markets. Established Markets includes Benelux, Canada, Denmark, France Ireland, Norway and Switzerland. Developing Markets includes Italy, Mexico and Spain.
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