JPMorgan Chase & Co. Upgrades Just Eat (LON:JE) to “Overweight”

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Just Eat (LON:JE) was upgraded by equities researchers at JPMorgan Chase & Co. to an “overweight” rating in a research report issued to clients and investors on Tuesday, February 11th, Marketbeat Ratings reports.

JE has been the topic of a number of other research reports. Citigroup restated a “neutral” rating on shares of Just Eat in a report on Friday, January 24th. Barclays upgraded shares of Just Eat to an “overweight” rating and upped their target price for the stock from GBX 785 ($10.33) to GBX 1,018 ($13.39) in a research note on Monday, January 27th. HSBC set a GBX 980 ($12.89) target price on shares of Just Eat and gave the stock a “buy” rating in a research note on Wednesday, January 1st. Morgan Stanley began coverage on shares of Just Eat in a research note on Tuesday, February 4th. They issued an “overweight” rating on the stock. Finally, Peel Hunt reiterated a “sell” rating and issued a GBX 520 ($6.84) target price on shares of Just Eat in a research note on Friday, January 24th. Three research analysts have rated the stock with a sell rating, four have assigned a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of GBX 794.31 ($10.45).

JE remained flat at $GBX 861 ($11.33) during midday trading on Tuesday. The stock has a market cap of $5.88 billion and a price-to-earnings ratio of 148.45. The company has a debt-to-equity ratio of 29.47, a current ratio of 0.85 and a quick ratio of 0.82. Just Eat has a 12-month low of GBX 574.40 ($7.56) and a 12-month high of GBX 8,150 ($107.21). The stock’s fifty day moving average price is GBX 861 and its two-hundred day moving average price is GBX 793.79.

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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