Just Eat (LON:JE) Stock Rating Lowered by Berenberg Bank

Just Eat (LON:JE) was downgraded by investment analysts at Berenberg Bank to a “hold” rating in a research note issued on Tuesday, Digital Look reports. They presently have a GBX 600 ($7.84) price objective on the stock, down from their prior price objective of GBX 880 ($11.50). Berenberg Bank’s price target suggests a potential downside of 1.96% from the company’s previous close.

A number of other research firms also recently weighed in on JE. Goldman Sachs Group set a €137.00 ($159.30) price target on shares of Safran and gave the company a “buy” rating in a research report on Monday, March 18th. Deutsche Bank downgraded shares of RIGHTMOVE PLC/ADR from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. JPMorgan Chase & Co. downgraded shares of Sogou from a “neutral” rating to an “underweight” rating and dropped their price target for the company from $5.50 to $4.12 in a research report on Thursday, June 27th. Peel Hunt upgraded shares of MJ Gleeson to a “hold” rating and lifted their price target for the company from GBX 715 ($9.34) to GBX 745 ($9.73) in a research report on Thursday, July 4th. Finally, Liberum Capital reiterated a “buy” rating on shares of SIG in a research report on Friday, July 5th. Two research analysts have rated the stock with a sell rating, six have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 790.31 ($10.33).

Shares of LON JE traded down GBX 14.80 ($0.19) during midday trading on Tuesday, reaching GBX 612 ($8.00). The company’s stock had a trading volume of 2,647,095 shares, compared to its average volume of 3,730,000. The company has a current ratio of 0.76, a quick ratio of 0.69 and a debt-to-equity ratio of 12.81. Just Eat has a fifty-two week low of GBX 519.20 ($6.78) and a fifty-two week high of GBX 889.40 ($11.62). The stock’s 50 day moving average price is GBX 618.53. The firm has a market cap of $4.17 billion and a P/E ratio of 50.58.

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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