Just Eat (LON:JE) Earns “Sell” Rating from Peel Hunt

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Peel Hunt restated their sell rating on shares of Just Eat (LON:JE) in a report issued on Monday morning, ThisIsMoney.Co.Uk reports.

A number of other brokerages have also commented on JE. Canaccord Genuity reiterated a buy rating and issued a GBX 750 ($9.80) target price on shares of Just Eat in a research report on Tuesday, July 30th. JPMorgan Chase & Co. decreased their price target on Just Eat from GBX 800 ($10.45) to GBX 798 ($10.43) and set a neutral rating for the company in a report on Friday, August 30th. UBS Group reissued a neutral rating on shares of Just Eat in a report on Thursday, July 11th. Royal Bank of Canada decreased their price target on Just Eat from GBX 900 ($11.76) to GBX 830 ($10.85) and set a top pick rating for the company in a report on Thursday, August 8th. Finally, Jefferies Financial Group decreased their price target on Just Eat from GBX 1,150 ($15.03) to GBX 1,100 ($14.37) and set a buy rating for the company in a report on Tuesday, August 13th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Just Eat has an average rating of Hold and a consensus price target of GBX 798.71 ($10.44).

Shares of JE stock opened at GBX 713.40 ($9.32) on Monday. The stock’s 50-day simple moving average is GBX 741.30 and its 200-day simple moving average is GBX 698.26. The firm has a market capitalization of $4.84 billion and a price-to-earnings ratio of 123.00. Just Eat has a fifty-two week low of GBX 519.20 ($6.78) and a fifty-two week high of GBX 833.14 ($10.89). The company has a debt-to-equity ratio of 29.47, a quick ratio of 0.82 and a current ratio of 0.85.

About Just Eat

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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