J Sainsbury Receives “Overweight” Rating from Barclays (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “overweight” rating reiterated by research analysts at Barclays in a report released on Tuesday, Stock Ratings Network reports. They currently have a GBX 440 ($7.22) target price on the stock. Barclays’ price target would suggest a potential upside of 19.27% from the stock’s previous close.
A number of other firms have also recently commented on SBRY. 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. Separately, analysts at Seymour Pierce reiterated a “hold” rating on shares of J Sainsbury in a research note to investors on Monday. They now have a GBX 391 ($6.41) price target on the stock. Finally, analysts at Panmure Gordon cut their price target on shares of J Sainsbury from GBX 425 ($6.97) to GBX 400 ($6.56) in a research note to investors on Monday. They now have a “hold” rating on the stock. Three research analysts have rated the stock with a sell rating, seventeen have given a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company’s stock. J Sainsbury presently has an average rating of “Hold” and an average target price of GBX 394.10 ($6.46).
Shares of J Sainsbury (LON:SBRY) traded up 0.30% during mid-day trading on Tuesday, hitting GBX 368.90. 10,359,543 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 428.00. The stock has a 50-day moving average of GBX 385.6 and a 200-day moving average of GBX 388.3. 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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