Deutsche Bank Gains Confidence in Just Eat (LON:JE). Will Other Analysts Follow?

October 16, 2018 - By Nellie Frank

Just Eat plc (LON:JE) Logo

Just Eat (LON:JE) Stock Upgrade

In a research note issued to clients on Tuesday, 16 October, Deutsche Bank raised the shares of Just Eat (LON:JE) to a respectable Hold rating. They currently have a GBX 610.00 TP on the stock. This TP means a possible downside of -14.11 % from the last stock price of Just Eat (LON:JE) shares.

Just Eat plc (LON:JE) Ratings Coverage

Among 12 analysts covering Just Eat (LON:JE), 8 have Buy rating, 2 Sell and 2 Hold. Therefore 67% are positive. Just Eat has GBX 3300 highest and GBX 610 lowest target. GBX 864.33’s average target is 42.53% above currents GBX 606.4 stock price. Just Eat had 47 analyst reports since April 18, 2018 according to SRatingsIntel. Peel Hunt maintained the shares of JE in report on Thursday, May 3 with “Buy” rating. Peel Hunt maintained Just Eat plc (LON:JE) on Friday, August 31 with “Buy” rating. Berenberg maintained Just Eat plc (LON:JE) on Friday, June 22 with “Buy” rating. Barclays Capital maintained the stock with “Overweight” rating in Wednesday, August 1 report. As per Tuesday, June 26, the company rating was maintained by JP Morgan. UBS maintained the shares of JE in report on Friday, October 5 with “Buy” rating. On Friday, September 21 the stock rating was maintained by Peel Hunt with “Buy”. The rating was maintained by Deutsche Bank with “Sell” on Wednesday, May 2. The stock of Just Eat plc (LON:JE) has “Sector Performer” rating given on Friday, May 4 by RBC Capital Markets. The firm has “Buy” rating by Liberum Capital given on Tuesday, June 26.

The stock decreased 2.29% or GBX 14.2 during the last trading session, reaching GBX 606.4. About 651,784 shares traded. Just Eat plc (LON:JE) has 0.00% since October 16, 2017 and is . It has underperformed by 15.62% the S&P500.

Analysts await Just Eat plc (LON:JE) to report earnings on November, 14. They expect $0.14 earnings per share, up 1,300.00 % or $0.13 from last year’s $0.01 per share. JE’s profit will be $948,186 for 1082.86 P/E if the $0.14 EPS becomes a reality. After $-0.03 actual earnings per share reported by Just Eat plc for the previous quarter, Wall Street now forecasts -566.67 % EPS growth.

Just Eat plc, together with its subsidiaries, operates digital marketplace for takeaway food delivery. The company has market cap of 4.11 billion GBP. The firm enables clients to order and pay for food from its restaurant partners. It currently has negative earnings. It operates in the United Kingdom, Australia, New Zealand, Canada, Denmark, France, Ireland, Norway, Switzerland, Italy, Mexico, and Spain.

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