Just Eat (LON:JE): Goldman Sachs Reaffirms “Buy” Rating Today, Has a Target of GBX 585.00/Share


Just Eat (LON:JE) Rating Reaffirmed

The brokerage firm has just set a TP of GBX 585.00 on Just Eat (LON:JE) shares. This is 27.76% from the last stock price. In an analyst research report shared with investors and clients on Thursday, 3 December, Goldman Sachs has decided to restate their “Buy” rating on shares of JE.

From a total of 8 analysts covering Just Eat (LON:JE) stock, 7 rate it a ”Buy”, 0 a “Sell”, and 1 a ”Hold”. This means that 88% of the ratings are positive. The highest target price is GBX 650 while the lowest target price is GBX 430. The mean of all analyst targets is GBX 556.38 with a 21.96% above today’s (GBX 456.2) stock price. Just Eat was the topic of 25 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on November 16 with “Buy” rating. Canaccord Genuity maintained shares with “Buy” rating and GBX 570 target share price in a report from a November 3. Goldman Sachs maintained JE stock in a recent report from November 13 with “Buy” rating. Panmure Gordon maintained the rating on October 30. Panmure Gordon has a “Buy” rating and a GBX 641 price target on shares. Finally, Peel Hunt maintained the stock with “Hold” rating in a report issued on a November 3.

The stock increased 1.42% or GBX 6.4 on December 3, striking GBX 456.2. Approximately 2.52 million shares of stock traded hands or 2.44% up from the average. Just Eat PLC (LON:JE) has declined 5.74% since May 6, 2015 and is downtrending. It has underperformed by 5.45% the S&P500.

Just Eat (LON:JE): Goldman Sachs Reaffirms

JUST EAT plc is a United Kingdom-based operator of online and mobile market place for takeaway food. The company has a market cap of 3.08 billion GBP. The Company’s divisions include: United Kingdom, Denmark and Other. It has 46.68 P/E ratio. It offers JUST EAT application, which allows clients to search and order food from local restaurants.

According to Zacks Investment Research, “Just Energy Group Inc. is engaged in the sale of natural gas and/or electricity to residential and commercial customers under long-term fixed-price and price-protected contracts. It also offers green products through its JustGreen and JustClean programs. Just Energy also sells and rents high efficiency and tankless water heaters, air conditioners and furnaces to Ontario residents. It also produces and sells wheat-based ethanol through its subsidiary Terra Grain Fuels. Just Energy Group Inc. is based in Toronto.” Get a free copy of the Zacks research report on Just Eat PLC (JE).