Just Eat (LON:JE) has been assigned a GBX 742 ($9.70) target price by JPMorgan Chase & Co. in a research report issued on Friday, September 21st. The brokerage currently has a “sell” rating on the stock. JPMorgan Chase & Co.’s price target suggests a potential upside of 21.76% from the stock’s previous close.
Several other brokerages also recently weighed in on JE. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,050 ($13.72) target price on shares of Just Eat in a research note on Thursday, June 28th. Peel Hunt reiterated a “buy” rating on shares of Just Eat in a research note on Wednesday, June 27th. Liberum Capital reiterated a “buy” rating on shares of Just Eat in a research note on Tuesday, June 26th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 880 ($11.50) target price on shares of Just Eat in a research note on Friday, June 22nd. Three research analysts have rated the stock with a sell rating, three have issued a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 887.50 ($11.60).
LON JE traded down GBX 0.60 ($0.01) during trading hours on Friday, hitting GBX 609.40 ($7.96). The company had a trading volume of 2,680,016 shares, compared to its average volume of 3,730,000. Just Eat has a 1-year low of GBX 544 ($7.11) and a 1-year high of GBX 906 ($11.84).
In related news, insider Michael (Mike) Evans bought 6,238 shares of the company’s stock in a transaction on Tuesday, July 31st. The stock was bought at an average cost of GBX 801 ($10.47) per share, with a total value of £49,966.38 ($65,289.93).
About Just Eat
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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