Just Eat (LON:JE) had its price objective lowered by Canaccord Genuity from GBX 700 ($9.15) to GBX 650 ($8.49) in a research report report published on Wednesday morning. Canaccord Genuity currently has a hold rating on the stock.
Several other brokerages also recently commented on JE. Liberum Capital reiterated a buy rating on shares of Just Eat in a research note on Wednesday, July 18th. Barclays reissued an overweight rating on shares of Just Eat in a report on Tuesday, July 10th. Peel Hunt reissued a buy rating on shares of Just Eat in a report on Tuesday, July 10th. UBS Group reissued a buy rating and set a GBX 1,020 ($13.33) price target (down from GBX 1,030 ($13.46)) on shares of Just Eat in a report on Friday, August 3rd. Finally, Deutsche Bank reissued a sell rating on shares of Just Eat in a report on Wednesday, August 1st. Three investment analysts have rated the stock with a sell rating, four have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Just Eat presently has an average rating of Hold and a consensus target price of GBX 847.50 ($11.07).
JE traded down GBX 27.20 ($0.36) during trading on Wednesday, hitting GBX 607 ($7.93). 2,643,141 shares of the company’s stock traded hands, compared to its average volume of 3,730,000. Just Eat has a 12-month low of GBX 544 ($7.11) and a 12-month high of GBX 906 ($11.84).
Just Eat plc, together with its subsidiaries, operates digital marketplace for takeaway food delivery. The company enables consumers to order and pay for food from its restaurant partners. It serves approximately 21.5 million customers and 82,300 restaurant partners in the United Kingdom, Australia, New Zealand, Canada, Denmark, France, Ireland, Norway, Switzerland, Italy, Mexico, and Spain.
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