Brokerages Set Just Eat PLC (JE) Price Target at $747.93
Just Eat PLC (LON:JE) has been assigned a consensus recommendation of “Buy” from the seventeen brokerages that are presently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating, twelve have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is GBX 747.93 ($9.83).
A number of analysts have weighed in on the stock. J P Morgan Chase & Co increased their price target on shares of Just Eat PLC from GBX 824 ($10.83) to GBX 826 ($10.86) and gave the company an “overweight” rating in a report on Friday, July 28th. Macquarie restated an “outperform” rating and issued a GBX 747 ($9.82) price objective on shares of Just Eat PLC in a research note on Monday, September 25th. Morgan Stanley initiated coverage on shares of Just Eat PLC in a research note on Thursday, June 22nd. They issued an “equal weight” rating for the company. Canaccord Genuity restated a “buy” rating and issued a GBX 680 ($8.94) price objective on shares of Just Eat PLC in a research note on Thursday. Finally, Peel Hunt restated a “buy” rating and issued a GBX 895 ($11.77) price objective on shares of Just Eat PLC in a research note on Thursday, July 20th.
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In other Just Eat PLC news, insider David Buttress sold 784,649 shares of the firm’s stock in a transaction dated Thursday, August 24th. The shares were sold at an average price of GBX 636 ($8.36), for a total value of £4,990,367.64 ($6,561,093.40).
Just Eat PLC (LON JE) traded up 6.54% during midday trading on Friday, reaching GBX 749.00. 3,858,306 shares of the company traded hands. Just Eat PLC has a 12 month low of GBX 495.07 and a 12 month high of GBX 758.50. The stock’s market capitalization is GBX 5.07 billion. The firm has a 50 day moving average of GBX 677.89 and a 200-day moving average of GBX 640.11.
About Just Eat PLC
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.
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