JPMorgan Chase & Co. Upgrades Just Eat (LON:JE) to Neutral

Just Eat (LON:JE) was upgraded by investment analysts at JPMorgan Chase & Co. to a “neutral” rating in a research report issued to clients and investors on Tuesday, ThisIsMoney.Co.Uk reports. The firm presently has a GBX 800 ($10.45) target price on the stock, up from their prior target price of GBX 600 ($7.84). JPMorgan Chase & Co.‘s price target suggests a potential upside of 5.65% from the company’s current price.

A number of other analysts have also recently commented on JE. Canaccord Genuity restated a “buy” rating and issued a GBX 750 ($9.80) price objective on shares of Just Eat in a research report on Tuesday. UBS Group reaffirmed a “neutral” rating on shares of Just Eat in a research note on Thursday, July 11th. Berenberg Bank set a GBX 600 ($7.84) price target on Just Eat and gave the stock a “neutral” rating in a research note on Monday. Credit Suisse Group reaffirmed an “outperform” rating on shares of Just Eat in a research note on Monday, April 15th. Finally, Goldman Sachs Group reaffirmed a “buy” rating and issued a GBX 1,000 ($13.07) price target on shares of Just Eat in a research note on Friday, July 12th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of GBX 805.94 ($10.53).

Just Eat stock opened at GBX 757.20 ($9.89) on Tuesday. The stock has a market capitalization of $5.19 billion and a PE ratio of 62.58. Just Eat has a 12 month low of GBX 519.20 ($6.78) and a 12 month high of GBX 841.80 ($11.00). The firm has a 50 day simple moving average of GBX 635.26. The company has a debt-to-equity ratio of 12.81, a current ratio of 0.76 and a quick ratio of 0.69.

Just Eat Company Profile

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.

Further Reading: What is Green Investing?

Analyst Recommendations for Just Eat (LON:JE)

Receive News & Ratings for Just Eat Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Just Eat and related companies with MarketBeat.com's FREE daily email newsletter.