Just Eat (LON:JE) Stock Rating Lowered by JPMorgan Chase & Co.

Just Eat (LON:JE) was downgraded by equities researchers at JPMorgan Chase & Co. to an “underweight” rating in a note issued to investors on Wednesday, May 1st, Marketbeat.com reports. They presently have a GBX 682 ($8.91) price objective on the stock, down from their previous price objective of GBX 822 ($10.74). JPMorgan Chase & Co.‘s price objective suggests a potential upside of 9.65% from the company’s current price.

Several other research analysts also recently issued reports on JE. Deutsche Bank reiterated a “hold” rating and issued a GBX 700 ($9.15) target price on shares of Just Eat in a research note on Wednesday, April 3rd. Liberum Capital reissued a “buy” rating on shares of Just Eat in a report on Wednesday, April 10th. Royal Bank of Canada reissued a “top pick” rating and set a GBX 900 ($11.76) price objective on shares of Just Eat in a report on Wednesday, March 13th. Jefferies Financial Group boosted their price objective on shares of Just Eat from GBX 1,050 ($13.72) to GBX 1,150 ($15.03) and gave the company a “buy” rating in a report on Wednesday, March 20th. Finally, Numis Securities raised shares of Just Eat to a “buy” rating and reduced their target price for the company from GBX 948 ($12.39) to GBX 160 ($2.09) in a report on Wednesday, May 1st. Two research analysts have rated the stock with a sell rating, five have given a hold rating, seven have given a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of GBX 826.69 ($10.80).

LON:JE traded down GBX 55.80 ($0.73) during mid-day trading on Wednesday, hitting GBX 622 ($8.13). 4,342,369 shares of the company’s stock were exchanged, compared to its average volume of 3,730,000. The firm has a market capitalization of $4.24 billion and a P/E ratio of 51.40. 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 current ratio of 0.76 and a quick ratio of 0.69.

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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