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Bank of America Corp. announced GrubHub Inc (NASDAQ:GRUB), hiking its target price to $46.00 today

GrubHub Inc (NASDAQ:GRUB) had its price target upped to $46.00 by Bank of America Corp. in a report issued 10/13/2016. The bumped up target suggests a potential upside of 0.14% from the company's previous closing price.

Just yesterday GrubHub Inc (NASDAQ:GRUB) traded 0.92% higher at $40.35. GrubHub Inc’s 50-day moving average is $41.46 and its 200-day moving average is $32.38. The last closing price is up 28.36% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 3,081,312 shares of GRUB traded hands, up from an average trading volume of 1,857,650

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GrubHub Inc has 52 week low of $17.77 and a 52 week high of $44.58 with a P/E ratio of 86.58 and has a market cap of $0.

In addition to Bank of America Corp. reporting its target price, a total of 17 firms have issued a report on the stock. The consensus target price is $30.65 with 7 firms rating the stock a strong buy, 6 firms rating the stock a buy, 7 firms rating the stock a hold, 0 firms rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About GrubHub Inc (NASDAQ:GRUB)

Grubhub Inc. (Grubhub) is a provider of an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 40,000 local restaurants with diners in more than 1,000 cities across the United States. For restaurants, Grubhub generates higher margin takeout orders at full menu prices. The Company's target market is primarily consists of independent restaurants. Diners can access the platform through and The Company offers diners access to the network through its mobile applications designed for iPhone, iPad, Android, iWatch and Apple TV devices. The Company provides a corporate program that helps businesses address problems in food ordering and associated billing. In certain markets, the Company also provides delivery services to restaurants on its platform that do not have their own delivery operations. and provide an aggregated database of approximately 380,000 menus from restaurants.

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