Just Eat (JE) Price Target Lowered to GBX 650 at Canaccord Genuity

Just Eat (LON:JE) had its price objective decreased by Canaccord Genuity from GBX 700 ($9.15) to GBX 650 ($8.49) in a research note published on Wednesday morning. Canaccord Genuity currently has a hold rating on the stock.

JE has been the topic of a number of other research reports. Morgan Stanley set a GBX 780 ($10.19) price objective on shares of Just Eat and gave the stock a neutral rating in a research note on Monday, October 8th. JPMorgan Chase & Co. reaffirmed a sell rating on shares of Just Eat in a research note on Monday, October 8th. Credit Suisse Group raised their price objective on shares of Just Eat from GBX 920 ($12.02) to GBX 970 ($12.67) and gave the stock an outperform rating in a research note on Thursday, September 6th. UBS Group reissued a buy rating on shares of Just Eat in a research note on Friday, October 26th. Finally, Royal Bank of Canada reissued a top pick rating and issued a GBX 950 ($12.41) price target on shares of Just Eat in a research note on Monday, October 15th. Three research analysts have rated the stock with a sell rating, four have given a hold rating and nine have given a buy rating to the company’s stock. The company currently has an average rating of Hold and an average target price of GBX 850.63 ($11.11).

Shares of LON JE traded up GBX 5.20 ($0.07) during midday trading on Wednesday, reaching GBX 634.20 ($8.29). 2,093,791 shares of the stock were exchanged, compared to its average volume of 3,730,000. Just Eat has a twelve month low of GBX 544 ($7.11) and a twelve month high of GBX 906 ($11.84).

About Just Eat

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.

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Analyst Recommendations for Just Eat (LON:JE)

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