Just Eat (LON:JE) Rating Lowered to Neutral at Citigroup

Citigroup lowered shares of Just Eat (LON:JE) to a neutral rating in a report released on Wednesday, ThisIsMoney.Co.Uk reports. Citigroup currently has GBX 805 ($10.52) price target on the stock, up from their previous price target of GBX 690 ($9.02).

JE has been the subject of several other research reports. Goldman Sachs Group restated a buy rating and issued a GBX 1,000 ($13.07) price target on shares of Just Eat in a report on Friday, July 12th. Peel Hunt restated a sell rating on shares of Just Eat in a report on Monday, August 5th. Deutsche Bank restated a hold rating on shares of Just Eat in a report on Tuesday, July 30th. Canaccord Genuity restated a buy rating and issued a GBX 750 ($9.80) price target on shares of Just Eat in a report on Tuesday, July 30th. Finally, JPMorgan Chase & Co. upgraded shares of Just Eat to a neutral rating and boosted their price target for the company from GBX 600 ($7.84) to GBX 800 ($10.45) in a report on Tuesday, July 30th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Just Eat has an average rating of Hold and an average target price of GBX 798.82 ($10.44).

Shares of JE opened at GBX 774.60 ($10.12) on Wednesday. Just Eat has a 1-year low of GBX 519.20 ($6.78) and a 1-year high of GBX 833.14 ($10.89). The company has a 50-day moving average of GBX 682.21 and a 200 day moving average of GBX 692.35. The firm has a market capitalization of $5.28 billion and a price-to-earnings ratio of 133.55. The company has a debt-to-equity ratio of 29.47, a current ratio of 0.85 and a quick ratio of 0.82.

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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