BUZZ-Just Eat: hits 5-month low after Canaccord Genuity downgrade

** Just Eat (Frankfurt: A1100K - news) -3.3 pct & near bottom of FTSE 100

** Canaccord Genuity (Frankfurt: A0B6V4 - news) downgrades stock to "hold" from "buy"; cuts TP to 700p from 850p

** Shares (Berlin: DI6.BE - news) down c18 pct since FY results on March 6 when co said it would make investments in delivery in the UK, Canada, Australia & NZ (to invest an additional 50 mln pounds in 2018 to stay ahead of well-funded rivals)

** "We see higher complexity, higher competition, higher uncertainty and lower EBITDA margins as Just Eat makes its push," Canaccord Genuity says

** Canaccord Genuity move comes on the heels of Deutsche Bank downgrade to "sell" on JE last week as well as TP cuts from other brokers

** Stock trading at lowest level since October