Mizuho Securities announced GrubHub (NYSE:GRUB), dropping its stock price target to $42.00 today
- Updated: February 12, 2017
Yesterday GrubHub (NYSE:GRUB) traded -1.39% lower at $39.86. The company’s 50-day moving average is $39.10 and its 200-day moving average is $39.11. The last closing price is up -3.69% from the 200-day moving average, compared to the S&P 500 which has increased 0.06% over the same time. 2,288,864 shares of the stock were exchanged, up from an average trading volume of 1,667,440
In a report released on 2/09/2017 Mizuho Securities lowered the target price of GrubHub (NYSE:GRUB) from $45.00 to $42.00 indicating a possible upside of 0.05%.
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GrubHub has a 52 week low of $21.21 and a 52 week high of $44.58 with a P/E ratio of 68.49 The company’s market cap is currently $0.
In addition to Mizuho Securities reporting its target price, a total of 17 brokers have issued a report on the stock. The consensus target price is $30.65 with seven equity analysts rating the company a strong buy, six equity analysts rating the company a buy, seven equity analysts rating the company a hold, zero equity analysts rating the company a underperform, and lastly zero equity analysts rating the company a sell.
Brief Synopsis 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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