Goldman Sachs Group Reiterates “Buy” Rating for Just Eat (LON:JE)
Just Eat (LON:JE)‘s stock had its “buy” rating reissued by analysts at Goldman Sachs Group in a note issued to investors on Friday, ThisIsMoney.Co.Uk reports.
JE has been the topic of several other reports. JPMorgan Chase & Co. cut shares of Sogou from a “neutral” rating to an “underweight” rating and decreased their price objective for the stock from $5.50 to $4.12 in a research note on Thursday, June 27th. Credit Suisse Group increased their price target on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a research note on Monday, April 15th. Deutsche Bank increased their price target on shares of Spirit Airlines from $75.00 to $79.00 and gave the company a “buy” rating in a research note on Friday. Liberum Capital increased their price target on shares of Moneysupermarket.Com Group from GBX 520 ($6.79) and gave the company a “buy” rating in a research note on Thursday. Finally, UBS Group increased their price target on shares of LyondellBasell Industries from $86.00 to $89.00 and gave the company a “neutral” rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Just Eat has a consensus rating of “Hold” and an average target price of GBX 790.31 ($10.33).
Shares of Just Eat stock opened at GBX 612 ($8.00) on Friday. The company has a debt-to-equity ratio of 12.81, a current ratio of 0.76 and a quick ratio of 0.69. The company has a market capitalization of $4.17 billion and a PE ratio of 50.58. Just Eat has a 1-year low of GBX 519.20 ($6.78) and a 1-year high of GBX 889.40 ($11.62). The business’s 50-day moving average price is GBX 618.53.
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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