J Sainsbury Given “Neutral” Rating at HSBC (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “neutral” rating reaffirmed by equities research analysts at HSBC in a research note issued to investors on Tuesday, American Banking News reports. They currently have a GBX 415 ($6.81) price objective on the stock. HSBC’s price target suggests a potential upside of 15.28% from the stock’s previous close.
SBRY has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Grupo Santander reiterated a “hold” rating on shares of J Sainsbury in a research note to investors on Monday. They now have a GBX 420 ($6.89) price target on the stock. Three research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of GBX 394.10 ($6.46).
J Sainsbury (LON:SBRY) traded down 2.41% during mid-day trading on Tuesday, hitting GBX 360.00. 21,968,428 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’s 50-day moving average is GBX 385.6 and its 200-day moving average is GBX 388.3. The company’s market cap is £6.820 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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