Just Eat’s (JE) Overweight Rating Reiterated at Barclays

Barclays reaffirmed their overweight rating on shares of Just Eat (LON:JE) in a report issued on Thursday, Marketbeat Ratings reports. The firm currently has a GBX 785 ($10.26) price objective on the stock, down from their previous price objective of GBX 1,000 ($13.07).

Other research analysts also recently issued research reports about the company. Peel Hunt restated a sell rating on shares of Just Eat in a research note on Friday, November 30th. Liberum Capital increased their price target on Just Eat from GBX 850 ($11.11) to GBX 1,250 ($16.33) and gave the stock a buy rating in a research note on Wednesday, November 28th. Deutsche Bank set a GBX 610 ($7.97) price target on Just Eat and gave the stock a neutral rating in a research note on Tuesday. Bank of America set a GBX 1,000 ($13.07) price target on Just Eat and gave the stock a buy rating in a research note on Tuesday, November 13th. Finally, JPMorgan Chase & Co. upgraded Just Eat to a neutral rating and set a GBX 603 ($7.88) price target for the company in a research note on Thursday, November 22nd. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average target price of GBX 859.18 ($11.23).

Just Eat stock traded up GBX 17.60 ($0.23) during trading on Thursday, hitting GBX 552.60 ($7.22). 711,582 shares of the company were exchanged, compared to its average volume of 3,730,000. Just Eat has a 52 week low of GBX 544 ($7.11) and a 52 week high of GBX 906 ($11.84).

In related news, insider Helen A. Weir sold 5,000 shares of the 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).

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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