GrubHub (GRUB) Receives a Hold from Morgan Stanley

By Ryan Adsit

Morgan Stanley analyst Brian Nowak maintained a Hold rating on GrubHub (GRUBResearch Report) today and set a price target of $59.00. The company’s shares closed last Monday at $54.41, close to its 52-week low of $51.57.

According to TipRanks.com, Nowak is a 5-star analyst with an average return of 8.0% and a 63.5% success rate. Nowak covers the Technology sector, focusing on stocks such as Jumia Technologies AG, Uber Technologies Inc, and Activision Blizzard.

Currently, the analyst consensus on GrubHub is a Moderate Buy with an average price target of $88.79.

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The company has a one-year high of $122.82 and a one-year low of $51.57. Currently, GrubHub has an average volume of 2.37M.

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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.