Stifel recorded GrubHub (NYSE:GRUB), hiking its stock price target to $45.00 today
- Updated: October 3, 2016
Boasting a price of $42.68, GrubHub (NYSE:GRUB) traded -0.72% lower on the day. The last close is up 35.80% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time. The company has recorded a 50-day moving average of $40.67 and a two hundred day average of $31.43. Volume of trade was down over the average, with 1,110,729 shares of GRUB changing hands under the typical 1,793,870
Stifel upped the price target of GrubHub (NYSE:GRUB) to $45.00 reporting a potential upside of 0.05%.
On 9/27/2016, Canaccord Genuity released a statement for GrubHub (NYSE:GRUB) upped the target price from $42.00 to $48.00. At the time, this suggested an upside of 0.12%.
GrubHub has a price-earnings ratio of 88.92 with a one year low of $17.77 and a 52 week high of $44.58 GrubHub’s market capitalization is presently $0.
A total of 17 analysts have released a research note on the company. Seven brokerages rating the company a strong buy, 6 firms rating the stock a buy, 7 brokers rating the company a hold, zero analysts rating the company a underperform, and finally zero analysts rating the company a sell with a one year stock price target of $30.65.
Brief Synopsis On 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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