Just Eat PLC (LON:JE) PT Raised to GBX 850

Just Eat PLC (LON:JE) had its price objective lifted by Berenberg Bank from GBX 700 ($9.21) to GBX 850 ($11.18) in a research note released on Wednesday, November 1st. The brokerage currently has a buy rating on the stock.

Other research analysts have also issued reports about the stock. Macquarie reiterated an outperform rating and issued a GBX 730 ($9.60) price objective on shares of Just Eat PLC in a report on Friday, July 28th. Peel Hunt reiterated a buy rating and issued a GBX 895 ($11.77) price objective on shares of Just Eat PLC in a report on Thursday, July 20th. Deutsche Bank AG restated a buy rating and set a GBX 785 ($10.32) price target on shares of Just Eat PLC in a report on Friday, July 28th. Credit Suisse Group raised their price target on shares of Just Eat PLC from GBX 680 ($8.94) to GBX 780 ($10.26) and gave the stock an outperform rating in a report on Friday, July 28th. Finally, J P Morgan Chase & Co raised their price target on shares of Just Eat PLC from GBX 826 ($10.86) to GBX 835 ($10.98) and gave the stock an overweight rating in a report on Tuesday, October 3rd. Four research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of Buy and a consensus target price of GBX 801.80 ($10.55).

Just Eat PLC (JE) traded up GBX 2 ($0.03) during midday trading on Wednesday, hitting GBX 811 ($10.67). The company had a trading volume of 4,124,421 shares, compared to its average volume of 3,300,000. Just Eat PLC has a 52-week low of GBX 495.07 ($6.51) and a 52-week high of GBX 821 ($10.80).

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In related news, insider David Buttress sold 784,649 shares of the business’s stock in a transaction on Thursday, August 24th. The shares were sold at an average price of GBX 636 ($8.37), for a total value of £4,990,367.64 ($6,563,682.28). Also, insider Frederic Coorevits sold 13,500,000 shares of the business’s stock in a transaction on Thursday, November 2nd. The shares were sold at an average price of GBX 760 ($10.00), for a total transaction of £102,600,000 ($134,946,731.55).

Just Eat PLC Company Profile

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 PLC (LON:JE)

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