JPMorgan Chase & Co. cut shares of Just Eat (LON:JE) to an underweight rating in a report released on Wednesday morning, Borsen Zeitung reports. JPMorgan Chase & Co. currently has GBX 682 ($8.91) target price on the stock, down from their prior target price of GBX 822 ($10.74).
Several other equities research analysts have also issued reports on the company. Credit Suisse Group set a GBX 970 ($12.67) price target on Just Eat and gave the company a buy rating in a report on Thursday, January 24th. Goldman Sachs Group set a GBX 1,060 ($13.85) price target on Just Eat and gave the company a buy rating in a report on Monday, January 21st. Liberum Capital reiterated a buy rating and set a GBX 1,250 ($16.33) price target on shares of Just Eat in a report on Monday, January 21st. Peel Hunt reiterated a buy rating and set a GBX 630 ($8.23) price target on shares of Just Eat in a report on Monday, January 21st. Finally, UBS Group reiterated a buy rating and set a GBX 930 ($12.15) price target (up from GBX 930 ($12.15)) on shares of Just Eat in a report on Tuesday, January 22nd. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and two have assigned a strong buy rating to the company. The stock currently has an average rating of Buy and an average target price of GBX 826.69 ($10.80).
LON JE traded up GBX 10.80 ($0.14) during trading on Wednesday, reaching GBX 699.40 ($9.14). 2,318,669 shares of the company’s stock were exchanged, compared to its average volume of 3,730,000. Just Eat has a fifty-two week low of GBX 519.20 ($6.78) and a fifty-two week high of GBX 889.40 ($11.62). The firm has a market capitalization of $4.75 billion and a PE ratio of 57.80. The company has a current ratio of 0.76, a quick ratio of 0.69 and a debt-to-equity ratio of 12.81.
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.
Recommended Story: Why are percentage decliners important?
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.