Barclays Sticks to Its Sell Rating for GrubHub

By Ryan Adsit

Barclays analyst Deepak Mathivanan maintained a Sell rating on GrubHub (NYSE: GRUB) yesterday and set a price target of $110. The company’s shares opened today at $135.88, close to its 52-week high of $141.06.

According to TipRanks.com, Mathivanan is a 5-star analyst with an average return of 21.6% and a 72.9% success rate. Mathivanan covers the Technology sector, focusing on stocks such as Mercadolibre, Webcom Group, and Wix.com Ltd.

Currently, the analyst consensus on GrubHub is a Moderate Buy with an average price target of $134.47.

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The company has a one-year high of $141.06 and a one-year low of $45.61. Currently, GrubHub has an average volume of 1.75M.

Based on the recent corporate insider activity of 236 insiders, corporate insider sentiment is neutral on the stock.

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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. The company’s brands include GrubHub, Seamless, MenuPages, and Allmenus.