J Sainsbury Rating Reiterated by JPMorgan Chase & Co. (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “underweight” rating reaffirmed by research analysts at JPMorgan Chase & Co. in a report released on Wednesday, StockRatingsNetwork.com reports.
Shares of J Sainsbury (LON:SBRY) traded up 0.18% on Wednesday, hitting GBX 396.80. 2,476,603 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’s 50-day moving average is GBX 391.9 and its 200-day moving average is GBX 383.1. The company’s market cap is £7.490 billion.
A number of other analysts have also recently weighed in on SBRY. Analysts at Deutsche Bank reiterated a “hold” rating on shares of J Sainsbury in a research note to investors on Monday, October 21st. They now have a GBX 425 ($6.87) price target on the stock. Separately, analysts at Cantor Fitzgerald reiterated a “hold” rating on shares of J Sainsbury in a research note to investors on Friday, October 18th. They now have a GBX 381 ($6.16) price target on the stock. Finally, 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 ($5.63) price target on the stock. Seven investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and six have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of GBX 380.73 ($6.16).
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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