J Sainsbury Stock Rating Reaffirmed by Jefferies Group (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “hold” rating reiterated by equities research analysts at Jefferies Group in a research note issued to investors on Wednesday, Analyst Ratings Network reports. They currently have a GBX 385 ($6.17) target price on the stock. Jefferies Group’s price target suggests a potential downside of 3.27% from the company’s current price.
A number of other analysts have also recently weighed in on SBRY. 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. Separately, 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. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of J Sainsbury (LON:SBRY) in a research note to investors on Wednesday. They now have a GBX 370 ($5.93) price target on the stock.
Seven research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. J Sainsbury has a consensus rating of “Hold” and an average price target of GBX 378.54 ($6.06).
Shares of J Sainsbury (LON:SBRY) opened at 396.00 on Wednesday. J Sainsbury has a 52 week low of GBX 315.831 and a 52 week 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 £7.475 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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