Just Eat (JE) Boosted at Numis Securities

Just Eat (JE) Boosted  at Numis Securities

Numis Securities upgraded shares of Just Eat (LON:JE) to a buy rating in a report released on Wednesday, ThisIsMoney.Co.Uk reports. Numis Securities currently has GBX 160 ($2.09) target price on the stock, down from their previous target price of GBX 948 ($12.39).

Other research analysts have also issued research reports about the company. Liberum Capital reiterated a buy rating on shares of Just Eat in a research report on Tuesday, April 2nd. JPMorgan Chase & Co. reiterated a buy rating on shares of Just Eat in a research report on Friday, February 1st. Peel Hunt reiterated a buy rating and issued a GBX 630 ($8.23) target price on shares of Just Eat in a research report on Monday, January 21st. Royal Bank of Canada reiterated a top pick rating on shares of Just Eat in a research report on Friday, February 1st. Finally, UBS Group reiterated a buy rating and issued a GBX 870 ($11.37) target price (down previously from GBX 930 ($12.15)) on shares of Just Eat in a research report on Tuesday, February 12th. Two research analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and two have assigned a strong buy rating to the company. Just Eat has an average rating of Buy and an average price target of GBX 826.69 ($10.80).

LON JE traded up GBX 10.80 ($0.14) during mid-day trading on Wednesday, reaching GBX 699.40 ($9.14). 2,318,669 shares of the company’s stock traded hands, compared to its average volume of 3,730,000. Just Eat has a 1-year low of GBX 519.20 ($6.78) and a 1-year high of GBX 889.40 ($11.62). The company has a quick ratio of 0.69, a current ratio of 0.76 and a debt-to-equity ratio of 12.81. The firm has a market cap of $4.75 billion and a PE ratio of 57.80.

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.

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