Just Eat PLC (JE) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Just Eat PLC (LON:JE) have earned a consensus recommendation of “Buy” from the sixteen research firms that are currently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation, nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is GBX 881.50 ($11.52).

A number of brokerages have recently issued reports on JE. Canaccord Genuity reiterated a “hold” rating and set a GBX 700 ($9.15) price target on shares of Just Eat in a research report on Thursday, June 28th. Jefferies Financial Group reiterated a “buy” rating and set a GBX 1,050 ($13.72) price target on shares of Just Eat in a research report on Thursday, June 28th. Deutsche Bank reiterated a “sell” rating on shares of Just Eat in a research report on Friday, June 22nd. Berenberg Bank reiterated a “buy” rating and set a GBX 880 ($11.50) price target on shares of Just Eat in a research report on Friday, June 22nd. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a GBX 950 ($12.41) price target on shares of Just Eat in a research report on Thursday, June 28th.

In other Just Eat news, insider Michael (Mike) Evans bought 6,238 shares of Just Eat stock in a transaction dated Tuesday, July 31st. The shares were purchased at an average cost of GBX 801 ($10.47) per share, with a total value of £49,966.38 ($65,289.93).

JE stock traded up GBX 9 ($0.12) during mid-day trading on Wednesday, reaching GBX 624.40 ($8.16). 3,055,704 shares of the company traded hands, 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).

Just Eat Company Profile

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.

Further Reading: Stock Symbol

Analyst Recommendations for Just Eat (LON:JE)

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