Price Target Update on GrubHub (NYSE:GRUB)

GrubHub (NYSE:GRUB) : The most positive equity analysts on GrubHub (NYSE:GRUB) expects the shares to touch $37, whereas, the least positive believes that the stock will trade at $22 in the short term. The company is covered by 13 Wall Street Brokerage Firms. The average price target for shares are $30.31 with an expected fluctuation of $4.19 from the mean.

Other Equity analysts have also commented on the company shares. Brokerage firm Monness Crespi Hardt upgrades its rating on GrubHub (NYSE:GRUB). The shares have been rated Buy. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 6, 2016.

GrubHub (NYSE:GRUB): stock turned positive on Thursday. Though the stock opened at $30.28, the bulls momentum made the stock top out at $30.67 level for the day. The stock recorded a low of $29.79 and closed the trading day at $30.67, in the green by 2.78%. The total traded volume for the day was 2,086,434. The stock had closed at $29.84 in the previous days trading.

The company shares have dropped -16.60% from its 1 Year high price. On Jun 26, 2015, the shares registered one year high at $36.41 and the one year low was seen on Jan 28, 2016. The 50-Day Moving Average price is $26.27 and the 200 Day Moving Average price is recorded at $23.99. On the companys insider trading activities,The director officer (CEO and President) of Grubhub Inc., Maloney Matthew M. sold 11,193 shares at $28 on June 10, 2016. The Insider selling transaction had a total value worth of $313,404. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

GrubHub Inc. is an online and mobile platform for restaurant pick-up and delivery orders. The Company connects more than 30,000 local restaurants with diners in more than 800 cities across the United States. The Companys target market is primarily composed of independent restaurants. The Company provides diners on the platform with a personalized platform that helps them search for local restaurants and then place an order from an Internet-connected device. It also provides diners with information about their orders and status. In addition, the Company enables re-ordering by storing previous orders, preferences and payment information. The Companys products include GrubHub and seamless Websites, GrubHub and seamless mobile applications and mobile Website, seamless corporate program, allmenus and menupages, orderhub and boost, restaurant Websites and delivery.

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