J Sainsbury Given “Hold” Rating at Santander (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “hold” rating restated by analysts at Santander in a research report issued to clients and investors on Friday, American Banking News reports. They currently have a GBX 295 ($4.73) price objective on the stock. Santander’s price target points to a potential downside of 25.88% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Grupo Santander reiterated a “hold” rating on shares of J Sainsbury (LON:SBRY) in a research note to investors on Friday. They now have a GBX 395 ($6.33) price target on the stock. Separately, analysts at AlphaValue reiterated a “reduce” rating on shares of J Sainsbury (LON:SBRY) in a research note to investors on Thursday. They now have a GBX 354 ($5.67) price target on the stock. Finally, analysts at BNP Paribas reiterated an “underperform” 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 analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of GBX 374.28 ($6.00).
J Sainsbury (LON:SBRY) traded down 0.85% on Friday, hitting GBX 394.60. 1,441,368 shares of the company’s stock traded hands. 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 £7.449 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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