Just Eat
Does this Upgrade present an opportunity for you?
Is it irrelevant, or will the Upgrade make the Just Eat share price more attractive?
- The chart shows the Just Eat share price since late September.
- JP Morgan upgrades Just Eat to Neutral.
- Consensus summary: 12 Buys, 4 Holds, 2 Sell; Average target: 861p (Source: Bloomberg).
- Current share price 590p (at time of writing).
- Will the shares turn back, or will the upgrade push the shares back towards 673p November highs?
- Shares -36.6% from 2018 highs; +10.7% from 2018 lows; -24.4% year-to date
- Source: Bloomberg, FT, Reuters, DJ Newswires
Trading Just Eat – An Example
Let’s say you think that Just Eat shares have upside potential as result of this broker upgrade. You decide to buy exposure to £10,000 worth of Just Eat using a CFD, at the current price of 590p. To do this, you need £2,000.
For the purpose of this example, let’s assume the Just Eat share price rises to 673p (+14%). Your profit would be £1400 from your initial investment of £2,000.
Conversely, let’s assume you open the above position, and place a stop-loss at 8% from the current price. Just Eat shares continue their downtrend, they fall 8% and hit your stop-loss. Your loss would be £800.
This is provided for information purposes only. It should not be taken as a recommendation.