JPMorgan Chase & Co. Cuts Just Eat (JE) Price Target to GBX 976

Just Eat (LON:JE) had its price target reduced by JPMorgan Chase & Co. from GBX 1,200 ($16.58) to GBX 976 ($13.48) in a research note released on Tuesday. They currently have an overweight rating on the stock.

A number of other research analysts also recently issued reports on JE. Deutsche Bank downgraded shares of Just Eat to a sell rating and decreased their price target for the stock from GBX 830 ($11.47) to GBX 630 ($8.70) in a research note on Monday. BNP Paribas reiterated an underperform rating and issued a GBX 700 ($9.67) price target on shares of Just Eat in a research note on Tuesday. Liberum Capital lifted their price target on shares of Just Eat from GBX 880 ($12.16) to GBX 935 ($12.92) and gave the stock a buy rating in a research note on Thursday, February 1st. 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, Royal Bank of Canada reiterated a sector perform rating and issued a GBX 840 ($11.61) price target on shares of Just Eat in a research note on Tuesday, March 6th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of Buy and an average price target of GBX 871.88 ($12.05).

Just Eat (LON:JE) opened at GBX 768.80 ($10.62) on Tuesday. Just Eat has a 12 month low of GBX 544 ($7.52) and a 12 month high of GBX 906 ($12.52). The stock has a market cap of $5,230.00 and a P/E ratio of -5,125.33.

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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.

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