Just Eat PLC (LON:JE) Receives GBX 880.30 Average PT from Analysts
Shares of Just Eat PLC (LON:JE) have been given an average recommendation of “Hold” by the sixteen research firms that are covering the stock, Marketbeat reports. Three analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and nine have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 880.30 ($11.58).
A number of brokerages have recently issued reports on JE. Citigroup reiterated a “neutral” rating on shares of Just Eat in a research report on Friday, January 24th. Canaccord Genuity restated a “sell” rating and issued a GBX 800 ($10.52) price objective on shares of Just Eat in a report on Tuesday, January 28th. Peel Hunt restated a “sell” rating on shares of Just Eat in a report on Monday, February 24th. Liberum Capital restated a “hold” rating on shares of Just Eat in a report on Tuesday, January 28th. Finally, Barclays upgraded shares of Just Eat to an “overweight” rating and increased their price objective for the company from GBX 785 ($10.33) to GBX 1,018 ($13.39) in a report on Monday, January 27th.
Shares of JE stock opened at GBX 861 ($11.33) on Thursday. Just Eat has a 1 year low of GBX 574.40 ($7.56) and a 1 year high of GBX 8,150 ($107.21). The firm’s 50 day moving average is GBX 861 and its 200-day moving average is GBX 832.84. The firm has a market capitalization of $5.88 billion and a price-to-earnings ratio of 148.45. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 29.47.
Just Eat plc, together with its subsidiaries, operates a hybrid marketplace for online food delivery. The company enables consumers to order and pay for food from its restaurant partners. It serves approximately 26 million customers and 100,000 restaurant partners in the United Kingdom, Australia, New Zealand, Canada, Denmark, France, Ireland, Italy, Mexico, Norway, Spain, Switzerland, and Brazil.
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