Brokerages Set Just Eat PLC (LON:JE) Target Price at GBX 782.54
Shares of Just Eat PLC (LON:JE) have been given a consensus recommendation of “Hold” by the seventeen ratings firms that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is GBX 790.62 ($10.40).
Several research analysts recently issued reports on the company. JPMorgan Chase & Co. reissued a “neutral” rating and issued a GBX 903 ($11.88) price objective on shares of Just Eat in a research note on Wednesday. HSBC set a GBX 980 ($12.89) price objective on Just Eat and gave the stock a “buy” rating in a report on Wednesday, January 1st. Royal Bank of Canada decreased their target price on Just Eat from GBX 830 ($10.92) to GBX 810 ($10.66) and set a “top pick” rating for the company in a research report on Thursday, October 24th. Liberum Capital reiterated a “buy” rating on shares of Just Eat in a report on Monday. Finally, Credit Suisse Group dropped their price target on Just Eat from GBX 970 ($12.76) to GBX 935 ($12.30) and set an “outperform” rating on the stock in a research report on Tuesday, October 22nd.
JE stock traded down GBX 1.80 ($0.02) during trading on Friday, hitting GBX 892.60 ($11.74). The company had a trading volume of 1,231,735 shares, compared to its average volume of 3,730,000. Just Eat has a 52-week low of GBX 574.40 ($7.56) and a 52-week high of GBX 8,150 ($107.21). The company has a 50 day simple moving average of GBX 814.44 and a 200-day simple moving average of GBX 726.65. The firm has a market capitalization of $6.09 billion and a P/E ratio of 153.90. The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 29.47.
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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