Jefferies Financial Group Cuts Just Eat (LON:JE) Price Target to GBX 1,100

Just Eat (LON:JE) had its target price reduced by Jefferies Financial Group from GBX 1,150 ($15.03) to GBX 1,100 ($14.37) in a report issued on Tuesday, Digital Look reports. They currently have a buy rating on the stock.

Several other research analysts have also issued reports on the stock. Berenberg Bank restated a hold rating and issued a GBX 600 ($7.84) price target on shares of Just Eat in a research report on Friday, August 9th. Deutsche Bank restated a hold rating on shares of Just Eat in a research report on Tuesday, July 30th. Peel Hunt restated a sell rating on shares of Just Eat in a research report on Monday, August 5th. Numis Securities upgraded shares of Just Eat to a buy rating and lowered their price objective for the stock from GBX 948 ($12.39) to GBX 160 ($2.09) in a research report on Wednesday, May 1st. Finally, Credit Suisse Group reiterated an outperform rating on shares of Just Eat in a research report on Monday, April 15th. One analyst has rated the stock with a sell rating, eight have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of Hold and an average price target of GBX 798.82 ($10.44).

Just Eat stock opened at GBX 760.60 ($9.94) on Tuesday. The company has a debt-to-equity ratio of 29.47, a quick ratio of 0.82 and a current ratio of 0.85. The firm has a market cap of $5.19 billion and a price-to-earnings ratio of 131.14. Just Eat has a 1 year low of GBX 519.20 ($6.78) and a 1 year high of GBX 833.14 ($10.89). The firm’s 50 day moving average price is GBX 679.17 and its two-hundred day moving average price is GBX 691.93.

About Just Eat

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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