Jefferies Financial Group Trims Just Eat (LON:JE) Target Price to GBX 1,100
Just Eat (LON:JE) had its price objective decreased by Jefferies Financial Group from GBX 1,150 ($15.03) to GBX 1,100 ($14.37) in a report issued on Tuesday, Digital Look reports. Jefferies Financial Group currently has a buy rating on the stock.
Other research analysts have also issued reports about the company. Goldman Sachs Group restated a buy rating and issued a GBX 1,000 ($13.07) price target on shares of Just Eat in a research report on Friday, July 12th. Royal Bank of Canada reduced their price target on Just Eat from GBX 900 ($11.76) to GBX 830 ($10.85) and set a top pick rating on the stock in a research report on Thursday, August 8th. Canaccord Genuity restated a buy rating and issued a GBX 750 ($9.80) price target on shares of Just Eat in a research report on Tuesday, July 30th. Deutsche Bank restated a hold rating on shares of Just Eat in a research report on Tuesday, July 30th. Finally, Liberum Capital restated a buy rating on shares of Just Eat in a research report on Monday, August 5th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of Hold and an average target price of GBX 798.82 ($10.44).
LON:JE opened at GBX 774.60 ($10.12) on Tuesday. Just Eat has a 12-month low of GBX 519.20 ($6.78) and a 12-month high of GBX 833.14 ($10.89). The company has a quick ratio of 0.82, a current ratio of 0.85 and a debt-to-equity ratio of 29.47. The firm has a market capitalization of $5.28 billion and a P/E ratio of 133.55. The stock’s fifty day simple moving average is GBX 682.21 and its 200-day simple moving average is GBX 692.35.
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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