Just Eat (LON:JE) Lowered to Neutral at Citigroup

Citigroup lowered shares of Just Eat (LON:JE) to a neutral rating in a research report released on Wednesday morning, ThisIsMoney.Co.Uk reports. They currently have GBX 805 ($10.52) target price on the stock, up from their prior target price of GBX 690 ($9.02).

A number of other equities analysts have also recently commented on JE. Numis Securities raised shares of Just Eat to a buy rating and reduced their price objective for the stock from GBX 948 ($12.39) to GBX 160 ($2.09) in a research report on Wednesday, May 1st. Jefferies Financial Group reduced their price objective on shares of Just Eat from GBX 1,150 ($15.03) to GBX 1,100 ($14.37) and set a buy rating for the company in a research report on Tuesday. Berenberg Bank reaffirmed a hold rating and set a GBX 600 ($7.84) price objective on shares of Just Eat in a research report on Friday, August 9th. JPMorgan Chase & Co. raised shares of Just Eat to a neutral rating and lifted their price objective for the stock from GBX 600 ($7.84) to GBX 800 ($10.45) in a research report on Tuesday, July 30th. Finally, UBS Group reissued a neutral rating on shares of Just Eat in a research report on Thursday, July 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Just Eat presently has a consensus rating of Hold and an average target price of GBX 798.82 ($10.44).

JE stock traded down GBX 40.40 ($0.53) during midday trading on Wednesday, reaching GBX 768.40 ($10.04). 1,350,158 shares of the company were exchanged, compared to its average volume of 3,730,000. The company has a debt-to-equity ratio of 29.47, a current ratio of 0.85 and a quick ratio of 0.82. The stock’s 50-day simple moving average is GBX 676.46. Just Eat has a one year low of GBX 519.20 ($6.78) and a one year high of GBX 833.14 ($10.89). The firm has a market capitalization of $5.40 billion and a price-to-earnings ratio of 132.48.

Just Eat Company Profile

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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Analyst Recommendations for Just Eat (LON:JE)

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