This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.
Trade Parameters
Technical Observations – For
Technical Observations – Against
Potential for another bounce towards recent highs. Strong demand for takeaway food deliveries. Company still investing. The disappointment of H1 results (31 Jul) has already been digested.
Risks to JE shares include a downturn in consumer demand for takeaway food, competition from rival services, consumers tightening their belts due to Brexit uncertainty and broker downgrades.
Consensus is bullish with 72% of brokers saying Buy and only 17% saying Sell. This is supported by 66% of analysts suggesting upside from current levels with a consensus target price of 915p being above our short-term objective of revisiting recent highs.
Next Event: Q3 results, 1 Nov
Latest Broker 12-Month Consensus: 72% Buy, 11% Hold, 17% Sell (full breakdown on request)
Source: DowJones Newswires, Reuters News, Bloomberg or Company Press releases
| Share | 1wk | 1m | 3m | 6m | 1yr | 2yr | 3yr | 4yr | 5yr |
| Perf % | -9.7 | 3.4 | -0.1 | -1.6 | 29.1 | 48.5 | 82.9 | 270.0 | N/A |
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Prepared by Michael van Dulken, Head of Research