J Sainsbury’s Hold Rating Reaffirmed at Cantor Fitzgerald (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “hold” rating reaffirmed by research analysts at Cantor Fitzgerald in a report released on Friday, AnalystRatingsNetwork reports. They currently have a GBX 381 ($6.08) price target on the stock. Cantor Fitzgerald’s price objective suggests a potential downside of 3.91% from the stock’s previous close.
J Sainsbury (LON:SBRY) opened at 396.70 on Friday. J Sainsbury has a 52 week low of GBX 315.831 and a 52 week 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 £7.489 billion.
A number of other firms have also recently commented on SBRY. Analysts at AlphaValue reiterated a “reduce” rating on shares of J Sainsbury in a research note to investors on Thursday, October 10th. They now have a GBX 348 ($5.56) price target on the stock. Separately, analysts at Citigroup Inc. reiterated a “neutral” rating on shares of J Sainsbury in a research note to investors on Wednesday, October 9th. They now have a GBX 400 ($6.39) price target on the stock. Finally, analysts at Beaufort Securities reiterated a “buy” rating on shares of J Sainsbury in a research note to investors on Thursday, October 3rd. Seven investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 377.29 ($6.02).
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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