J Sainsbury Receives Neutral Rating from Citigroup Inc. (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “neutral” rating reiterated by investment analysts at Citigroup Inc. in a note issued to investors on Wednesday, AmericanBankingNews.com reports. They currently have a GBX 400 ($6.42) price objective on the stock. Citigroup Inc.’s price target indicates a potential upside of 4.09% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Beaufort Securities reiterated a “buy” rating on shares of J Sainsbury in a research note to investors on Thursday, October 3rd. Separately, analysts at Nomura raised their price target on shares of J Sainsbury from GBX 350 ($5.62) to GBX 370 ($5.94) in a research note to investors on Thursday, October 3rd. They now have a “neutral” rating on the stock. Finally, analysts at Credit Suisse reiterated an “underperform” rating on shares of J Sainsbury in a research note to investors on Wednesday, October 2nd. They now have a GBX 285 ($4.57) price target on the stock. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of GBX 377.20 ($6.05).
J Sainsbury (LON:SBRY) traded down 0.18% during mid-day trading on Wednesday, hitting GBX 383.60. The stock had a trading volume of 921,885 shares. 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 £7.241 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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