Canaccord covered GrubHub (NYSE:GRUB), raising its target price to $48.00 today
- Updated: September 26, 2016
Reporting a possible upside of 0.14%, Canaccord upped the target price of GrubHub (NYSE:GRUB) to $48.00
On 8/15/2016, Vetr Inc. released a statement on GrubHub (NYSE:GRUB) bumped up the target price from $0.00 to $40.00. At the time, this indicated a possible upside of 0.06%.
Yesterday GrubHub (NYSE:GRUB) traded 1.04% higher at $42.19. The company’s 50-day moving average is $40.05 and its 200-day moving average is $30.74. The last closing price is up 38.69% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Volume of trade was down over the average, with 58,230 shares of GRUB changing hands under the typical 1,838,250
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GrubHub has a 52 week low of $17.77 and a 52 week high of $43.62 with a P/E ratio of 88.81 GRUB’s total market value is presently $0.
A total of 17 firms have reported on GRUB. Seven equity analysts rating the company a strong buy, six brokerages rating the company a buy, seven analysts rating the company a hold, 0 brokers rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus target price of $30.65.
General Information About GrubHub (NYSE: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 www.grubhub.com and www.seamless.com. 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. Allmenus.com and MenuPages.com provide an aggregated database of approximately 380,000 menus from restaurants.
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