Just Eat (JE) Receives Overweight Rating from Barclays

Barclays reiterated their overweight rating on shares of Just Eat (LON:JE) in a research report report published on Thursday morning, MarketBeat Ratings reports. They currently have a GBX 785 ($10.26) target price on the stock, down from their previous target price of GBX 1,000 ($13.07).

Several other analysts have also recently weighed in on the company. Credit Suisse Group boosted their price target on Just Eat from GBX 920 ($12.02) to GBX 970 ($12.67) and gave the stock an outperform rating in a report on Thursday, September 6th. Peel Hunt restated a buy rating on shares of Just Eat in a report on Friday, August 31st. Morgan Stanley set a GBX 780 ($10.19) price target on Just Eat and gave the stock a neutral rating in a report on Monday, October 8th. JPMorgan Chase & Co. restated an underweight rating on shares of Just Eat in a report on Monday, September 24th. Finally, Royal Bank of Canada restated a top pick rating and set a GBX 950 ($12.41) price target on shares of Just Eat in a report on Monday, October 15th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating, nine have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of GBX 859.18 ($11.23).

Just Eat stock traded up GBX 17.60 ($0.23) during midday trading on Thursday, reaching GBX 552.60 ($7.22). The company’s stock had a trading volume of 711,582 shares, compared to its average volume of 3,730,000. Just Eat has a 52 week low of GBX 544 ($7.11) and a 52 week high of GBX 906 ($11.84).

In related news, insider Helen A. Weir sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, November 30th. The stock was sold at an average price of GBX 589 ($7.70), for a total value of £29,450 ($38,481.64).

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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Analyst Recommendations for Just Eat (LON:JE)

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