image

Authoritative Independent Monthly Share Selections Using Technical & Fundamental Analysis

Latest issue now available

SIGN UP NOW
Updates

Just Eat - Target price raised 100p to 1150p

May 2019

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

  • Epic Code:
  • JE.
  • Price:
  • 765p
Full year results from Just Eat were in line with revenues rising 43% to £780m and underlying EBITDA up 6% to £174m. Eps increased 1% to 17p.Excellent progress was made in the UK where sales rose 27% to £386m and EBITDA jumped 22% to £155m, driven by a 17% rise in orders to 123m and customers to 12.2m. Just Eat invested £21m in the UK delivery network and now works with over 2,000 restaurant partners across 197 “zones” covering c. 35% of the population.With an £83bn global market opportunity to go for, its overseas territories are also growing well. In Canada revenues rose 186% to £178m, helped by a first contribution from Skip the Dishes, Canada’s largest online foo ...

To access our archive of articles and to receive current issues you need to subscribe.

Subscribe now

Already a subscriber? Login

Related Articles

Just Eat Takeaway (October 2020)
Just Eat Takeaway - All share bid for Grubhub (August 2020)
Just Eat (January 2020)
Just Eat (December 2019)
Just Eat - Bid approach lifts shares (September 2019)
Just Eat (March 2019)
Just Eat (October 2018)
Just Eat (May 2018)
Just Eat - Hungryhouse clearance triggers upgrades (December 2017)
Just Eat - Online market place for take away food upgrades forecasts (September 2017)
Just Eat (July 2017)
Just Eat - Jefferies puts out £10 price target (April 2017)
Just Eat - Shares soar to new highs (September 2016)
Just Eat - Online market for takeaway deliveries to grow sales 122% by 2018 (July 2016)

With small companies there is an above average degree of risk compared to buying blue chips. Please be aware that we have not assessed the suitability of any of these investments for you. The newsletter simply states a personal view and diarises the editor’s investment decisions. Please speak to your stockbroker or other qualified individual to ascertain whether any of these companies mentioned would form useful additions to your own portfolios. Past performance is no indication of future success.

All material on this website is protected by copyright. You may use Information retrieved from the www.scsw.co.uk website for your own personal non-commercial use which means that you may not sell or copy this information to any third party without prior written consent. ISSN 1358-183X