Barclays Reaffirms Their Sell Rating on GrubHub (GRUB)

By Jason Carr

Barclays analyst Deepak Mathivanan maintained a Sell rating on GrubHub (GRUBResearch Report) yesterday and set a price target of $51.00. The company’s shares closed last Monday at $56.07, close to its 52-week low of $51.57.

According to TipRanks.com, Mathivanan is a 5-star analyst with an average return of 20.9% and a 70.6% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Mercadolibre, Wix.com Ltd, and Shopify.

Currently, the analyst consensus on GrubHub is a Moderate Buy with an average price target of $88.00.

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GrubHub’s market cap is currently $5.12B and has a P/E ratio of 204.86. The company has a Price to Book ratio of 3.45.

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Grubhub, Inc. operates as an online and mobile food-ordering company, which connects diners with local takeout restaurants. Its online and mobile ordering platforms allow diners and corporate businesses to order directly from takeout restaurants in the United States and London.