Just Eat (JE) Earns Overweight Rating from JPMorgan Chase & Co.

Just Eat (LON:JE)‘s stock had its “overweight” rating reissued by investment analysts at JPMorgan Chase & Co. in a report issued on Thursday. They currently have a GBX 967 ($13.11) price objective on the stock. JPMorgan Chase & Co.’s target price would suggest a potential upside of 20.60% from the stock’s current price.

Several other analysts have also recently issued reports on JE. Macquarie restated an “outperform” rating and issued a GBX 747 ($10.13) target price on shares of Just Eat in a report on Monday, September 25th. Peel Hunt restated a “buy” rating and issued a GBX 895 ($12.14) target price on shares of Just Eat in a report on Monday, September 25th. Canaccord Genuity reiterated a “buy” rating and set a GBX 680 ($9.22) price target on shares of Just Eat in a report on Thursday, October 12th. Deutsche Bank reiterated a “buy” rating and set a GBX 760 ($10.31) price target on shares of Just Eat in a report on Friday, October 13th. Finally, Numis Securities reiterated an “add” rating and set a GBX 845 ($11.46) price target on shares of Just Eat in a report on Tuesday, October 31st. Four research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of GBX 848 ($11.50).

Shares of Just Eat (JE) traded up GBX 6.80 ($0.09) during trading hours on Thursday, reaching GBX 801.80 ($10.87). The company’s stock had a trading volume of 2,956,250 shares, compared to its average volume of 2,040,000. The stock has a market cap of $5,450.00 and a PE ratio of 6,681.67. Just Eat has a 12 month low of GBX 495.07 ($6.71) and a 12 month high of GBX 827 ($11.22).

In related news, insider Frederic Coorevits sold 13,500,000 shares of the firm’s stock in a transaction dated Thursday, November 2nd. The stock was sold at an average price of GBX 760 ($10.31), for a total transaction of £102,600,000 ($139,137,510.17).

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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)

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