Shares of Dutch food delivery marketplace Just Eat Takeaway.com could more than double over the next 12 months, according to Jefferies analysts.
Jefferies remains bullish on Just Eat, even as the company's U.S. business Grubhub has faced the pressures of government price controls imposed on restaurants since the Covid-19 pandemic.
Just Eat expects a $100 million EBITDA impact from the amending of the fee caps, the Jefferies note reported.
Shares of the delivery firm have also moved away from their high during the Covid pandemic, and are now down 18.1% year-to-date and 22.5% in the last 12 months.
It also trades as an American Depository Receipt in the U.S. — CNBC's Michael Bloom contributed to this report.
Persons:
Jefferies, Grubhub, Giles Throne, Throne, — CNBC's Michael Bloom
Organizations:
Jefferies, U.S ., TKWY, Euronext Amsterdam, London Stock Exchange, American
Locations:
U.S, New York, New York City