Morgan Stanley upgraded shares of Just Eat PLC (LON:JE) to an equal weight rating in a research note released on Friday, November 3rd, Marketbeat Ratings reports. Morgan Stanley currently has GBX 760 ($10.00) price target on the stock, up from their previous price target of GBX 590 ($7.76).
Other research analysts also recently issued reports about the company. Numis Securities Ltd reaffirmed an add rating and set a GBX 845 ($11.11) price target on shares of Just Eat PLC in a research note on Tuesday, October 31st. Deutsche Bank AG dropped their price target on Just Eat PLC from GBX 785 ($10.32) to GBX 760 ($10.00) and set a buy rating on the stock in a research note on Tuesday, August 8th. Peel Hunt reaffirmed a buy rating and set a GBX 895 ($11.77) price target on shares of Just Eat PLC in a research note on Thursday, July 27th. Shore Capital reaffirmed a buy rating on shares of Just Eat PLC in a research note on Tuesday, July 18th. Finally, Berenberg Bank upped their price target on Just Eat PLC from GBX 660 ($8.68) to GBX 700 ($9.21) and gave the stock a buy rating in a research note on Friday, August 11th. Four analysts have rated the stock with a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of GBX 801.80 ($10.55).
Shares of Just Eat PLC (JE) opened at GBX 789.50 ($10.38) on Friday. Just Eat PLC has a 52-week low of GBX 495.07 ($6.51) and a 52-week high of GBX 821 ($10.80).
In related news, insider David Buttress sold 784,649 shares of the stock in a transaction on Thursday, August 24th. The stock was sold at an average price of GBX 636 ($8.37), for a total value of £4,990,367.64 ($6,563,682.28). Also, insider Frederic Coorevits sold 13,500,000 shares of the stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of GBX 760 ($10.00), for a total value of £102,600,000 ($134,946,731.55).
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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