Canaccord Genuity announced Grubhub Inc (NYSE:GRUB), bumping up its stock price target to $48.00 today
- Updated: September 27, 2016
In a report issued Tuesday September 27, 2016 Canaccord Genuity upped the target of Grubhub Inc (NYSE:GRUB) from $42.00 to $48.00 reporting a possible upside of 0.12%.
Previously on 8/15/2016, Vetr Inc. reported about Grubhub Inc (NYSE:GRUB) raised the target price from $0.00 to $40.00. At the time, this indicated a possible upside of 0.06%.
Yesterday Grubhub Inc (NYSE:GRUB) traded 1.04% higher at $42.92. The company’s 50-day moving average is $40.05 and its 200-day moving average is $30.74. The last stock close price is up 38.69% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 58,230 shares of the stock were exchanged, down from an average trading volume of 1,838,250
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Grubhub Inc has a 52 week low of $17.77 and a 52 week high of $43.62 with a P/E ratio of 88.81 The company’s market cap is currently $0.
In addition to Canaccord Genuity reporting its target price, a total of 17 firms have reported 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.
About Grubhub Inc (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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