Just Eat Takeaway.com meal delivery service (JET) deal with Amrest improves its position against others logistical players such as Uber Eats and Deliveroo. This is the conclusion of ING’s analysts in a response to the agreement concluded by the two meal companies on Wednesday. With the deal, JET also shows the benefits of its large scale, says ING.
According to ING experts, the competitive battle will continue for a while, as Amazon was able to complete its investment in Deliveroo on Tuesday thanks to the approval of the UK regulator CMA. In general, however, the analysts do not think that the deal made will affect the status quo. Competition between JET and Deliveroo will be strongest in the United States, France, Italy and Spain, according to ING.
ING retains the buy advice with a price target of 110 euros. The share of Just Eat Takeaway.com at around 10: 40, 1.1% higher at 95.42 euros.