Royal Bank of Canada Reiterates Top pick Rating for Just Eat (JE)
Just Eat (LON:JE)‘s stock had its “top pick” rating restated by research analysts at Royal Bank of Canada in a research note issued to investors on Wednesday. They currently have a GBX 900 ($11.76) price target on the stock. Royal Bank of Canada’s price target suggests a potential upside of 20.19% from the company’s current price.
A number of other analysts have also issued reports on the company. Goldman Sachs Group decreased their price objective on Just Eat from GBX 1,100 ($14.37) to GBX 1,050 ($13.72) and set a “conviction-buy” rating on the stock in a research note on Tuesday. Credit Suisse Group set a GBX 970 ($12.67) price objective on Just Eat and gave the company a “buy” rating in a research note on Thursday, March 7th. Morgan Stanley lowered Just Eat to an “equal weight” rating in a research note on Thursday, March 7th. Barclays lowered Just Eat to an “equal weight” rating and set a GBX 785 ($10.26) target price on the stock. in a research note on Thursday, March 7th. Finally, BNP Paribas upgraded Just Eat to a “neutral” rating and set a GBX 780 ($10.19) target price on the stock in a research note on Wednesday, March 6th. One analyst has rated the stock with a sell rating, five have issued a hold rating, seven have issued a buy rating and two have given a strong buy rating to the stock. Just Eat presently has a consensus rating of “Buy” and a consensus target price of GBX 871.33 ($11.39).
Shares of LON JE opened at GBX 748.80 ($9.78) on Wednesday. Just Eat has a one year low of GBX 519.20 ($6.78) and a one year high of GBX 889.40 ($11.62). The company has a debt-to-equity ratio of 12.81, a quick ratio of 0.74 and a current ratio of 0.76. The firm has a market cap of $5.05 billion and a PE ratio of 61.88.
Just Eat plc, together with its subsidiaries, operates digital marketplace for takeaway food delivery. The company enables consumers to order and pay for food from its restaurant partners. It serves approximately 21.5 million customers and 82,300 restaurant partners in the United Kingdom, Australia, New Zealand, Canada, Denmark, France, Ireland, Norway, Switzerland, Italy, Mexico, and Spain.
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