Just Eat PLC (JE) Given “Overweight” Rating at J P Morgan Chase & Co

J P Morgan Chase & Co restated their overweight rating on shares of Just Eat PLC (LON:JE) in a research note released on Friday morning.

Other equities analysts have also issued research reports about the company. Citigroup Inc. reissued a buy rating and set a GBX 780 ($10.26) target price on shares of Just Eat PLC in a research note on Wednesday, August 30th. Peel Hunt reaffirmed a buy rating and issued a GBX 895 ($11.77) price target on shares of Just Eat PLC in a research report on Monday, September 4th. Credit Suisse Group increased their price target on Just Eat PLC from GBX 780 ($10.26) to GBX 825 ($10.85) and gave the company an outperform rating in a research report on Friday, September 8th. Canaccord Genuity reaffirmed a buy rating and issued a GBX 680 ($8.94) price target on shares of Just Eat PLC in a research report on Thursday, October 12th. Finally, Macquarie reaffirmed an outperform rating and issued a GBX 747 ($9.83) price target on shares of Just Eat PLC in a research report on Monday, September 25th. Five equities research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of Buy and a consensus target price of GBX 801.80 ($10.55).

Just Eat PLC (LON JE) traded down GBX 21.50 ($0.28) during midday trading on Friday, hitting GBX 802.50 ($10.56). The stock had a trading volume of 4,327,141 shares, compared to its average volume of 3,500,000. Just Eat PLC has a fifty-two week low of GBX 495.07 ($6.51) and a fifty-two week high of GBX 821 ($10.80).

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In related news, insider Frederic Coorevits sold 13,500,000 shares of Just Eat PLC stock in a transaction on Thursday, November 2nd. The stock was sold at an average price of GBX 760 ($10.00), for a total transaction of £102,600,000 ($134,946,731.55). Also, insider David Buttress sold 784,649 shares of Just Eat PLC stock in a transaction on Thursday, August 24th. The stock was sold at an average price of GBX 636 ($8.37), for a total value of £4,990,367.64 ($6,563,682.28).

About Just Eat PLC

Just Eat plc is a United Kingdom-based operator of digital marketplace for takeaway food delivery. The Company’s segments include the UK, Australia & New Zealand, Established Markets and Developing Markets. The Established Markets includes Benelux, Canada, Denmark, France, Ireland, Norway and Switzerland.

Analyst Recommendations for Just Eat PLC (LON:JE)

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