J Sainsbury Receives “Hold” Rating from Deutsche Bank (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “hold” rating reiterated by analysts at Deutsche Bank in a research report issued to clients and investors on Monday, Analyst Ratings Network.com reports. They currently have a GBX 410 ($6.72) price target on the stock. Deutsche Bank’s price target would indicate a potential upside of 11.47% from the stock’s previous close.
SBRY has been the subject of a number of other recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of J Sainsbury in a research note to investors on Friday. They now have a GBX 410 ($6.72) price target on the stock. Separately, analysts at AlphaValue upgraded shares of J Sainsbury to a “reduce” rating in a research note to investors on Thursday, December 19th. They now have a GBX 350.60 ($5.75) price target on the stock, down previously from GBX 351.20 ($5.76). Finally, analysts at Citigroup Inc. reiterated a “buy” rating on shares of J Sainsbury in a research note to investors on Wednesday, December 11th. They now have a GBX 470 ($7.71) price target on the stock. Three analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of GBX 393.15 ($6.45).
Shares of J Sainsbury (LON:SBRY) traded down 1.66% during mid-day trading on Monday, hitting GBX 367.80. 5,445,630 shares of the company’s stock traded hands. J Sainsbury has a 1-year low of GBX 315.831 and a 1-year high of GBX 428.00. The stock has a 50-day moving average of GBX 388.6 and a 200-day moving average of GBX 387.. The company’s market cap is £6.968 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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