Just Eat (LON:JE) Stock Rating Reaffirmed by UBS Group

Just Eat (LON:JE)‘s stock had its “buy” rating reiterated by equities researchers at UBS Group in a research note issued on Wednesday, December 19th, www.digitallook.com reports. They currently have a GBX 930 ($12.15) price objective on the stock. UBS Group’s price target points to a potential upside of 50.53% from the company’s current price.

A number of other research firms have also recently issued reports on JE. Peel Hunt reiterated a “buy” rating on shares of Just Eat in a research note on Friday, August 31st. Credit Suisse Group cut their target price on Just Eat from GBX 980 ($12.81) to GBX 920 ($12.02) and set an “outperform” rating on the stock in a research note on Thursday, August 23rd. Liberum Capital restated a “buy” rating on shares of Just Eat in a research note on Friday, September 21st. JPMorgan Chase & Co. restated an “underweight” rating on shares of Just Eat in a research note on Monday, September 24th. Finally, Goldman Sachs Group set a GBX 1,080 ($14.11) price objective on shares of Just Eat and gave the company a “buy” rating in a research note on Friday, September 21st. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. Just Eat currently has an average rating of “Buy” and a consensus target price of GBX 858 ($11.21).

JE stock traded down GBX 12.60 ($0.16) during mid-day trading on Wednesday, reaching GBX 617.80 ($8.07). The company had a trading volume of 3,742,888 shares, compared to its average volume of 3,730,000. Just Eat has a one year low of GBX 544 ($7.11) and a one year high of GBX 906 ($11.84).

In related news, insider Helen A. Weir sold 5,000 shares of Just Eat stock in a transaction dated Friday, November 30th. The stock was sold at an average price of GBX 589 ($7.70), for a total transaction of £29,450 ($38,481.64).

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.

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Analyst Recommendations for Just Eat (LON:JE)

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