J Sainsbury’s “Overweight” Rating Reaffirmed at Morgan Stanley (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “overweight” rating restated by Morgan Stanley in a research note issued on Monday, American Banking & Market News reports. They currently have a GBX 415 ($6.81) target price on the stock. Morgan Stanley’s target price would indicate a potential upside of 10.96% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at Deutsche Bank reiterated a “hold” rating on shares of J Sainsbury in a research note to investors on Monday. They now have a GBX 410 ($6.72) price target on the stock. Separately, 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. Finally, 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). Three analysts have rated the stock with a sell rating, sixteen have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of GBX 393.15 ($6.45).
Shares of J Sainsbury (LON:SBRY) opened at 372.00 on Monday. J Sainsbury has a 52 week low of GBX 315.831 and a 52 week high of GBX 428.00. The stock’s 50-day moving average is GBX 388.6 and its 200-day moving average is GBX 387.. The company’s market cap is £7.047 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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