JUST EAT plc operates the world's largest online marketplace for restaurant delivery.

Index FTSE 250

JE. Just Eat. Online marketplace for restaurant delivery. Should have had good trading over 2 wc XMAS Period. Citygroup have 495p SP Target. Jefferies SP Target 450p.

Nice chart GF.

Cheers skinny Im hoping loads of people got bored of chicken etc etc and ordered meals online to stop the boredom of the 2 week xmas holiday.

I know her indoors would love this company over xmas, when she gets in I will show it her.

Good grub aswel not your normal takeaway rubbish.

Moving up positively again.

of course it's "your normal takeaway rubbish" ..... it's just a portal for local restaurants that offer this service

actually, i've just logged on to the site, and the restaurants showing are appalling, and not a single one is closer than 6 miles ..... it's all crap pizza and worse

No its not.

They are higher class than the normal local shit hole.

Your a food snob so you would say that.

Just Eat broker views

Date Broker Recommendation Price Old target price New target price Notes

03 Dec Citigroup Buy 330.75 - 495.00 Initiates/Starts
03 Nov Jefferies International Buy 330.75 450.00 450.00 Reiterates
03 Nov JP Morgan Cazenove Overweight 330.75 - - Reiterates

http://www.moneyam.com/action/news/showArticle?id=4958101

Excelent update.

it's certainly moving against the wind

Breaking out again , anyone got any brokers profit forecasts for these ?

Latest broker views


Date

Broker

New target

Recomm.


21 Apr Citigroup 515.00 Buy
15 Apr Jefferies... 450.00 Buy
10 Apr Barclays... 500.00 Overweight
30 Mar Goldman Sachs 475.00 Buy
26 Mar Goldman Sachs 455.00 Buy
18 Mar Canaccord... 430.00 Buy
18 Mar Barclays... 450.00 Overweight
18 Mar Goldman Sachs N/A Buy
17 Mar Jefferies... 450.00 Buy
17 Mar JP Morgan... 435.00 Overweight

Broker Recommendations for Just Eat

i like that ...... just eat - overweight!

Cheers Chris.

StockMarketWire.com
JUST EAT (LSE: JE.), the world's leading online market place for takeaway food delivery, has said that total orders in the first quarter of the year increased by 51% over the comparable period in 2014.

This figure includes orders from its French business (Alloresto.fr) consolidated from last July and from the Mexican business, acquired in February, and excludes any Brazilian orders from November onwards when the business became an associate.

On a like-for-like basis (excluding orders in both periods for countries where there has been a change in the basis of consolidation) orders were up 47%.

David Buttress, chief executive officer, commented: "I am delighted with the company's performance over the first quarter. The team has worked very hard in all our markets to achieve these results. I am also pleased to see the continued shift of consumers to the ease and convenience of ordering food through JUST EAT's apps and websites."

Barclays note today:
"Just Eat’s 1Q15 update is very brief as expected, but details strong ongoing order momentum. Order growth in 1Q15 was 51% and 47% on an organic basis. We are forecasting 31% order growth for 1H15, so the business seems to have maintained the growth from the prior year (52% reported) and be running ahead of our forecast in the early part of the year. The rest of the statement refers to the ongoing investments that the business is making. No comment is made around guidance, but at the FY14 results a revenue guidance of marginally above £200m was given and we expect this continues to stand, although has been slightly de-risked.
Valuing hyper growth companies is not that straightforward, as traditional parameters (like PE, EV/EBITDA, price-to-book, etc) fail to capture the potential opportunity. While we forecast a three-year revenue CAGR of 22% and EBITDA at 40%, the combination of our TAM (Total Addressable Market) analysis, which we covered in detail in our initiation note (Just Eat: We all love a takeaway), and our DCF drive our 500p price target. On this basis, we reiterate Overweight.

JP Morgan Cazenove reiterates overweight on Just Eat, target raised from 435p to 500p.

Canaccord Genuity reiterates buy on Just Eat, target raised from 430p to 510p.

this has been seriously rocking for several days now and is up another 5% today
so having had a torrid time since mid august, it has now recovered fully to those top levels

Breakout or Bust?

LATEST BROKER VIEWS

Date Broker New target Recomm.
22 Jun Morgan Stanley 133.00 Equal weight
21 Jun Peel Hunt 895.00 Buy
19 Jun Peel Hunt 895.00 Buy
19 Jun Macquarie 730.00 Outperform
13 Jun Peel Hunt 895.00 Buy
8 Jun Macquarie 730.00 Outperform
7 Jun JP Morgan... 824.00 Overweight
7 Jun Deutsche Bank 785.00 Buy
31 May Peel Hunt 895.00 Buy
31 May Macquarie 670.00 Outperform

Now has a market cap larger than Sainsbury's and M&S.