J Sainsbury Given “Reduce” Rating at AlphaValue (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “reduce” rating reaffirmed by AlphaValue in a research note issued on Thursday, AnalystRatings.NET reports. They currently have a GBX 348 ($5.58) target price on the stock. AlphaValue’s target price suggests a potential downside of 9.42% from the stock’s previous close.
Shares of J Sainsbury (LON:SBRY) traded up 1.28% on Thursday, hitting GBX 389.10. The stock had a trading volume of 1,482,670 shares. 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 £7.345 billion.
SBRY has been the subject of a number of other recent research reports. Analysts at Citigroup Inc. reiterated a “neutral” rating on shares of J Sainsbury in a research note to investors on Wednesday. They now have a GBX 400 ($6.42) price target on the stock. Separately, analysts at Beaufort Securities reiterated a “buy” rating on shares of J Sainsbury in a research note to investors on Thursday, October 3rd. Finally, 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. Seven analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 376.93 ($6.05).
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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