J Sainsbury Receives “Underperform” Rating from Bank of America Corp. (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “underperform” rating reiterated by equities researchers at Bank of America Corp. in a research report issued on Monday, Analyst Ratings Network reports. They currently have a GBX 363 ($5.81) price target on the stock. Bank of America Corp.’s price objective suggests a potential downside of 8.15% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Citigroup Inc. upgraded shares of J Sainsbury (LON:SBRY) from a “sell” rating to a “neutral” rating in a research note to investors on Friday. They now have a GBX 400 ($6.41) price target on the stock, up previously from GBX 350 ($5.61). Separately, analysts at Nomura cut their price target on shares of J Sainsbury (LON:SBRY) from GBX 380 ($6.09) to GBX 350 ($5.61) in a research note to investors on Thursday. They now have a “neutral” rating on the stock. Finally, analysts at Santander reiterated a “hold” rating on shares of J Sainsbury (LON:SBRY) in a research note to investors on Friday, September 13th. They now have a GBX 395 ($6.33) price target on the stock.
Seven analysts have rated the stock with a sell rating, fourteen have given a hold rating and five have issued a buy rating to the company’s stock. J Sainsbury presently has a consensus rating of “Hold” and a consensus price target of GBX 375.06 ($6.01).
Shares of J Sainsbury (LON:SBRY) traded down 0.30% on Monday, hitting GBX 395.20. The stock had a trading volume of 2,815,279 shares. J Sainsbury has a one year low of GBX 315.831 and a one year high of GBX 403.308. The stock has a 50-day moving average of GBX 391.7 and a 200-day moving average of GBX 379.0. The company’s market cap is £7.460 billion.
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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