J Sainsbury Now Covered by Grupo Santander (SBRY)
Equities research analysts at Grupo Santander assumed coverage on shares of J Sainsbury (LON:SBRY) in a research note issued to investors on Tuesday, AnalystRatingsNetwork reports. The firm set a “hold” rating and a GBX 395 ($6.18) price target on the stock. Grupo Santander’s price target suggests a potential upside of 0.56% from the stock’s previous close.
J Sainsbury (LON:SBRY) opened at 397.50 on Tuesday. J Sainsbury has a 52-week low of GBX 315.831 and a 52-week high of GBX 401.20. The stock’s 50-day moving average is GBX 391.1 and its 200-day moving average is GBX 376.2. The company’s market cap is £7.504 billion.
A number of other firms have also recently commented on SBRY. Analysts at BNP Paribas reiterated an “underperform” rating on shares of J Sainsbury (LON:SBRY) in a research note to investors on Thursday, August 29th. They now have a GBX 360 ($5.63) price target on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of J Sainsbury (LON:SBRY) in a research note to investors on Wednesday, August 28th. Finally, analysts at AlphaValue reiterated a “reduce” rating on shares of J Sainsbury (LON:SBRY) in a research note to investors on Thursday, August 22nd. They now have a GBX 352 ($5.50) price target on the stock.
Eight equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of GBX 373.16 ($5.83).
J Sainsbury plc is engaged in grocery and related retailing. The Company is organized into three segments: Retailing (LON:SBRY); Financial services (Sainsbury’s Bank joint venture), and Property investments (The British Land Company PLC joint venture and Land Securities PLC joint venture).
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