J Sainsbury Receives “Buy” Rating from UBS AG (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “buy” rating reaffirmed by equities researchers at UBS AG in a research report issued on Wednesday, Stock Ratings Network.com reports. They currently have a GBX 425 ($6.81) target price on the stock. UBS AG’s target price suggests a potential upside of 6.78% from the company’s current price.
A number of other analysts have also recently weighed in on SBRY. Analysts at Jefferies Group reiterated a “hold” rating on shares of J Sainsbury (LON:SBRY) in a research note to investors on Wednesday. They now have a GBX 385 ($6.17) 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. They now have a GBX 400 ($6.41) price target on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of J Sainsbury (LON:SBRY) in a research note to investors on Wednesday. They now have a GBX 360 ($5.77) price target on the stock.
Seven investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 378.54 ($6.06).
J Sainsbury (LON:SBRY) opened at 397.40 on Wednesday. J Sainsbury has a one year low of GBX 315.831 and a one year high of GBX 403.30. 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 £7.502 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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