J Sainsbury Receives Hold Rating from Deutsche Bank (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “hold” rating restated by investment analysts at Deutsche Bank in a note issued to investors on Wednesday, StockRatingsNetwork.com reports. They currently have a GBX 370 ($5.93) target price on the stock. Deutsche Bank’s target price indicates a potential downside of 7.04% from the stock’s previous close.
Shares of J Sainsbury (LON:SBRY) traded down 0.90% on Wednesday, hitting GBX 394.40. 3,145,593 shares of the company’s stock traded hands. J Sainsbury has a 1-year low of GBX 315.831 and a 1-year high of GBX 403.30. The stock’s 50-day moving average is GBX 391.7 and its 200-day moving average is GBX 379.0. The company’s market cap is £7.445 billion.
SBRY has been the subject of a number of other recent research reports. Analysts at Bank of America Corp. reiterated an “underperform” rating on shares of J Sainsbury (LON:SBRY) in a research note to investors on Monday. They now have a GBX 363 ($5.81) price target on the stock. Separately, 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, September 20th. They now have a GBX 400 ($6.41) price target on the stock, up previously from GBX 350 ($5.61). Finally, 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, September 19th. They now have a “neutral” rating on the stock.
Seven research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of GBX 378.54 ($6.06).
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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