Just Eat (JE) Receives Hold Rating from Deutsche Bank

Just Eat (LON:JE)‘s stock had its “hold” rating restated by equities research analysts at Deutsche Bank in a research note issued on Monday, December 4th. They presently have a GBX 830 ($11.10) target price on the stock. Deutsche Bank’s price objective points to a potential upside of 6.27% from the company’s current price.

Other research analysts have also issued reports about the stock. Berenberg Bank lifted their price target on shares of Just Eat from GBX 660 ($8.82) to GBX 700 ($9.36) and gave the company a “buy” rating in a report on Friday, August 11th. JPMorgan Chase & Co. boosted their target price on shares of Just Eat from GBX 826 ($11.04) to GBX 835 ($11.16) and gave the company an “overweight” rating in a research note on Tuesday, October 3rd. Numis Securities reissued an “add” rating and set a GBX 845 ($11.30) target price on shares of Just Eat in a research note on Tuesday, October 31st. Credit Suisse Group boosted their target price on shares of Just Eat from GBX 825 ($11.03) to GBX 870 ($11.63) and gave the company an “outperform” rating in a research note on Wednesday, November 1st. Finally, Peel Hunt reissued a “buy” rating and set a GBX 895 ($11.97) target price on shares of Just Eat in a research note on Thursday, November 16th. Five analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Just Eat has an average rating of “Buy” and an average price target of GBX 813.53 ($10.88).

Just Eat (JE) traded up GBX 21 ($0.28) during midday trading on Monday, hitting GBX 781 ($10.44). 928,885 shares of the stock traded hands, compared to its average volume of 2,360,000. Just Eat has a 1-year low of GBX 495.07 ($6.62) and a 1-year high of GBX 827 ($11.06). The firm has a market cap of $5,310.00 and a price-to-earnings ratio of 6,508.33.

In other news, insider Frederic Coorevits sold 13,500,000 shares of the company’s stock in a transaction that occurred on Thursday, November 2nd. The shares were sold at an average price of GBX 760 ($10.16), for a total value of £102,600,000 ($137,184,115.52).

COPYRIGHT VIOLATION NOTICE: “Just Eat (JE) Receives Hold Rating from Deutsche Bank” was originally posted by Week Herald and is owned by of Week Herald. If you are accessing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark and copyright law. The legal version of this piece of content can be accessed at https://weekherald.com/2017/12/30/deutsche-bank-reaffirms-hold-rating-for-just-eat-je.html.

About Just Eat

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)

Receive News & Ratings for Just Eat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Just Eat and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply