Just Eat (LON:JE) Upgraded by JPMorgan Chase & Co. to Overweight

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Just Eat (LON:JE) was upgraded by investment analysts at JPMorgan Chase & Co. to an “overweight” rating in a report issued on Tuesday, Marketbeat Ratings reports.

A number of other equities analysts have also commented on JE. Peel Hunt reaffirmed a “sell” rating and issued a GBX 520 ($6.84) price objective on shares of Just Eat in a research note on Friday, January 24th. Peel Hunt reaffirmed a “sell” rating and issued a GBX 520 ($6.84) price objective on shares of Just Eat in a research note on Friday, January 24th. Citigroup reaffirmed a “neutral” rating on shares of Just Eat in a research note on Friday, January 24th. Canaccord Genuity reaffirmed a “sell” rating and issued a GBX 800 ($10.52) price objective on shares of Just Eat in a research note on Tuesday, January 28th. Finally, Barclays raised shares of Just Eat to an “overweight” rating and raised their price objective for the stock from GBX 785 ($10.33) to GBX 1,018 ($13.39) in a research note on Monday, January 27th. Three analysts have rated the stock with a sell rating, five have issued a hold rating and ten have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus target price of GBX 793.47 ($10.44).

LON:JE remained flat at $GBX 861 ($11.33) during trading hours on Tuesday. The company’s 50 day moving average is GBX 867.14 and its two-hundred day moving average is GBX 764.14. Just Eat has a one year low of GBX 574.40 ($7.56) and a one year high of GBX 8,150 ($107.21). The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 29.47. The firm has a market cap of $5.88 billion and a PE ratio of 148.45.

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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