Just Eat PLC (JE) Sets New 52-Week High at $827.00

Just Eat PLC (LON:JE) shares hit a new 52-week high during mid-day trading on Thursday . The company traded as high as GBX 827 ($10.88) and last traded at GBX 824 ($10.84), with a volume of 3875692 shares trading hands. The stock had previously closed at GBX 824 ($10.84).

A number of research analysts have issued reports on JE shares. Barclays PLC reiterated an “equal weight” rating on shares of Just Eat PLC in a research note on Wednesday, November 1st. Berenberg Bank lifted their price objective on Just Eat PLC from GBX 700 ($9.21) to GBX 850 ($11.18) and gave the company a “buy” rating in a research note on Wednesday, November 1st. Morgan Stanley upgraded Just Eat PLC to an “equal weight” rating and lifted their price objective for the company from GBX 590 ($7.76) to GBX 760 ($10.00) in a research note on Friday, November 3rd. Credit Suisse Group lifted their price objective on Just Eat PLC from GBX 680 ($8.94) to GBX 780 ($10.26) and gave the company an “outperform” rating in a research note on Friday, July 28th. Finally, J P Morgan Chase & Co lifted their price objective on Just Eat PLC from GBX 826 ($10.86) to GBX 835 ($10.98) and gave the company an “overweight” rating in a research note on Tuesday, October 3rd. Five equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Just Eat PLC presently has an average rating of “Buy” and an average price target of GBX 801.80 ($10.55).

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

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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.

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