Deutsche Bank Lowers JUST EAT (LON:JE) to Hold

JUST EAT (LON:JE) was downgraded by investment analysts at Deutsche Bank to a “hold” rating in a research report issued to clients and investors on Friday, November 17th, Marketbeat reports. They presently have a GBX 830 ($11.12) price target on the stock, up from their prior price target of GBX 790 ($10.58). Deutsche Bank’s price objective would indicate a potential upside of 2.91% from the stock’s previous close.

A number of other research firms have also issued reports on JE. Barclays reissued an “equal weight” rating on shares of JUST EAT in a report on Wednesday, November 1st. Berenberg Bank raised their price target on JUST EAT from GBX 700 ($9.37) to GBX 850 ($11.38) and gave the stock a “buy” rating in a report on Wednesday, November 1st. Morgan Stanley raised JUST EAT to an “equal weight” rating and raised their price target for the stock from GBX 590 ($7.90) to GBX 760 ($10.18) in a report on Friday, November 3rd. Credit Suisse Group lifted their price objective on JUST EAT from GBX 680 ($9.11) to GBX 780 ($10.45) and gave the company an “outperform” rating in a report on Friday, July 28th. Finally, J P Morgan Chase & Co lifted their price objective on JUST EAT from GBX 826 ($11.06) to GBX 835 ($11.18) and gave the company an “overweight” rating in a report on Tuesday, October 3rd. Five investment analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company’s stock. JUST EAT currently has a consensus rating of “Buy” and an average price target of GBX 813.53 ($10.90).

JUST EAT (LON JE) opened at GBX 806.50 ($10.80) on Friday. JUST EAT has a twelve month low of GBX 495.07 ($6.63) and a twelve month high of GBX 827 ($11.08).

In related news, insider Frederic Coorevits sold 13,500,000 shares of JUST EAT stock in a transaction that occurred on Thursday, November 2nd. The stock was sold at an average price of GBX 760 ($10.18), for a total transaction of £102,600,000 ($137,404,580.15).

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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.

Analyst Recommendations for JUST EAT (LON:JE)

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