Insider Selling: Just Eat PLC (JE) Insider Sells 13,500,000 Shares of Stock
Just Eat PLC (LON:JE) insider Frederic Coorevits sold 13,500,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The shares were sold at an average price of GBX 760 ($10.03), for a total transaction of £102,600,000 ($135,391,923.99).
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JE has been the subject of a number of research analyst reports. Citigroup Inc. reissued a “buy” rating and issued a GBX 780 ($10.29) price target on shares of Just Eat PLC in a research report on Wednesday, August 30th. Shore Capital reissued a “buy” rating on shares of Just Eat PLC in a research report on Tuesday, July 18th. Peel Hunt reissued a “buy” rating and issued a GBX 895 ($11.81) price target on shares of Just Eat PLC in a research report on Monday, September 4th. J P Morgan Chase & Co reissued an “overweight” rating on shares of Just Eat PLC in a research report on Tuesday, July 18th. Finally, Credit Suisse Group increased their price target on shares of Just Eat PLC from GBX 780 ($10.29) to GBX 825 ($10.89) and gave the stock an “outperform” rating in a research report on Friday, September 8th. Four equities research analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. Just Eat PLC currently has an average rating of “Buy” and an average price target of GBX 786.47 ($10.38).
About Just Eat PLC
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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