Deutsche Bank Downgrades Just Eat (JE) to Sell

Deutsche Bank downgraded shares of Just Eat (LON:JE) to a sell rating in a research report released on Monday morning. Deutsche Bank currently has GBX 630 ($8.70) target price on the stock, down from their previous target price of GBX 830 ($11.47).

Other equities analysts have also issued research reports about the company. Numis Securities restated an add rating and set a GBX 948 ($13.10) price objective on shares of Just Eat in a research note on Monday, January 15th. Peel Hunt restated a buy rating and set a GBX 895 ($12.37) price objective on shares of Just Eat in a research note on Thursday, February 1st. JPMorgan Chase & Co. reiterated an overweight rating on shares of Just Eat in a research note on Friday, November 17th. Citigroup reiterated a buy rating and issued a GBX 940 ($12.99) price target on shares of Just Eat in a research note on Wednesday, March 7th. Finally, Barclays reiterated an overweight rating and issued a GBX 1,000 ($13.82) price target on shares of Just Eat in a research note on Wednesday, March 7th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of Buy and a consensus target price of GBX 871.31 ($12.04).

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Just Eat (LON:JE) opened at GBX 784.60 ($10.84) on Monday. Just Eat has a 52 week low of GBX 544 ($7.52) and a 52 week high of GBX 906 ($12.52). The company has a market capitalization of $5,320.00 and a price-to-earnings ratio of -5,230.67.

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About Just Eat

Just Eat plc is a United Kingdom-based operator of digital marketplace for takeaway food delivery. The Company’s segments include the UK, Australia & New Zealand, Established Markets and Developing Markets. The Established Markets includes Benelux, Canada, Denmark, France, Ireland, Norway and Switzerland.

Analyst Recommendations for Just Eat (LON:JE)

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