Just Eat (LON:JE) Price Target Cut to GBX 798

Just Eat (LON:JE) had its price objective cut by equities research analysts at JPMorgan Chase & Co. from GBX 800 ($10.45) to GBX 798 ($10.43) in a research note issued to investors on Friday, August 30th, Marketbeat.com reports. The brokerage currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 15.35% from the stock’s previous close.

JE has been the subject of a number of other reports. Royal Bank of Canada decreased their target price on Just Eat from GBX 900 ($11.76) to GBX 830 ($10.85) and set a “top pick” rating for the company in a research report on Thursday, August 8th. Canaccord Genuity reissued a “buy” rating and set a GBX 750 ($9.80) price objective on shares of Just Eat in a report on Tuesday, July 30th. Deutsche Bank restated a “hold” rating on shares of Just Eat in a research note on Tuesday, July 30th. Liberum Capital restated a “buy” rating on shares of Just Eat in a research note on Monday, August 5th. Finally, Jefferies Financial Group cut their target price on Just Eat from GBX 1,150 ($15.03) to GBX 1,100 ($14.37) and set a “buy” rating on the stock in a research note on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Just Eat has an average rating of “Hold” and a consensus target price of GBX 798.71 ($10.44).

JE traded down GBX 14.20 ($0.19) during midday trading on Friday, hitting GBX 691.80 ($9.04). 1,183,068 shares of the company were exchanged, compared to its average volume of 3,730,000. The firm’s 50 day moving average price is GBX 742.61 and its 200-day moving average price is GBX 698.08. Just Eat has a 1-year low of GBX 519.20 ($6.78) and a 1-year 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 $4.72 billion and a P/E ratio of 119.28.

Just Eat Company Profile

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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Analyst Recommendations for Just Eat (LON:JE)

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