Deutsche Bank Reiterates Hold Rating for J Sainsbury (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “hold” rating reiterated by Deutsche Bank in a research note issued on Wednesday, American Banking News.com reports. They currently have a GBX 425 ($6.88) price objective on the stock. Deutsche Bank’s price objective points to a potential upside of 7.90% from the company’s current price.
J Sainsbury (LON:SBRY) opened at 393.90 on Wednesday. J Sainsbury has a one year low of GBX 315.831 and a one year high of GBX 403.308. The stock’s 50-day moving average is GBX 393.5 and its 200-day moving average is GBX 384.3. The company’s market cap is £7.436 billion.
A number of other analysts have also recently weighed in on SBRY. Analysts at Barclays reiterated an “overweight” rating on shares of J Sainsbury in a research note to investors on Wednesday, October 23rd. They now have a GBX 410 ($6.63) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of J Sainsbury in a research note to investors on Wednesday, October 23rd. Finally, 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. Seven analysts have rated the stock with a sell rating, thirteen have issued a hold rating and six have issued a buy rating to the company. J Sainsbury has an average rating of “Hold” and a consensus price target 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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