Credit Suisse Group Raises Just Eat PLC (JE) Price Target to GBX 870
Just Eat PLC (LON:JE) had its price target raised by Credit Suisse Group from GBX 825 ($10.89) to GBX 870 ($11.48) in a research note released on Wednesday morning. They currently have an outperform rating on the stock.
Other equities research analysts have also issued reports about the stock. Macquarie reiterated an outperform rating and set a GBX 730 ($9.63) target price on shares of Just Eat PLC in a research note on Friday, July 28th. Peel Hunt reiterated a buy rating and set a GBX 895 ($11.81) target price on shares of Just Eat PLC in a research note on Thursday, July 20th. Deutsche Bank AG boosted their target price on shares of Just Eat PLC from GBX 790 ($10.42) to GBX 830 ($10.95) and gave the company a buy rating in a research note on Wednesday. Berenberg Bank boosted their target price on shares of Just Eat PLC from GBX 660 ($8.71) to GBX 700 ($9.24) and gave the company a buy rating in a research note on Friday, August 11th. Finally, Numis Securities Ltd reiterated an add rating and set a GBX 845 ($11.15) target price on shares of Just Eat PLC in a research note on Tuesday. Four analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the stock. Just Eat PLC has a consensus rating of Buy and an average target price of GBX 796.21 ($10.51).
Shares of Just Eat PLC (JE) traded up GBX 29 ($0.38) on Wednesday, hitting GBX 800 ($10.56). 3,850,658 shares of the stock traded hands.
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In related news, insider Frederic Coorevits sold 13,500,000 shares of the company’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of GBX 760 ($10.03), for a total value of £102,600,000 ($135,391,923.99). Also, insider David Buttress sold 784,649 shares of the company’s stock in a transaction on Thursday, August 24th. The stock was sold at an average price of GBX 636 ($8.39), for a total transaction of £4,990,367.64 ($6,585,336.03).
Just Eat PLC Company Profile
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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