J Sainsbury Receives Market Perform Rating from Sanford C. Bernstein (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “market perform” rating reaffirmed by analysts at Sanford C. Bernstein in a research report issued to clients and investors on Tuesday, American Banking News.com reports. They currently have a GBX 430 ($7.05) target price on the stock. Sanford C. Bernstein’s target price would indicate a potential upside of 16.56% from the company’s current price.
A number of other firms have also recently commented on SBRY. Analysts at Bank of America Corp. downgraded shares of J Sainsbury to an “underperform” rating in a research note to investors on Tuesday. They now have a GBX 350 ($5.74) price target on the stock, down previously from GBX 430 ($7.05). Separately, analysts at Barclays reiterated an “overweight” rating on shares of J Sainsbury in a research note to investors on Tuesday. They now have a GBX 440 ($7.22) price target on the stock. Finally, analysts at HSBC reiterated a “neutral” rating on shares of J Sainsbury in a research note to investors on Tuesday. They now have a GBX 415 ($6.81) price target on the stock. Three investment analysts have rated the stock with a sell rating, seventeen have issued a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. J Sainsbury has an average rating of “Hold” and an average target price of GBX 394.10 ($6.46).
J Sainsbury (LON:SBRY) traded up 0.30% on Tuesday, hitting GBX 368.90. The stock had a trading volume of 10,359,543 shares. 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 388.2. The company’s market cap is £6.988 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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