J Sainsbury’s Hold Rating Reaffirmed at Cantor Fitzgerald (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “hold” rating restated by investment analysts at Cantor Fitzgerald in a note issued to investors on Thursday, American Banking & Market News reports. They currently have a GBX 391 ($6.41) price target on the stock. Cantor Fitzgerald’s target price suggests a potential upside of 11.27% from the company’s current price.
Shares of J Sainsbury (LON:SBRY) traded down 2.39% during mid-day trading on Thursday, hitting GBX 351.40. 16,388,691 shares of the company’s stock traded hands. J Sainsbury has a 52 week low of GBX 315.831 and a 52 week 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 £6.657 billion.
A number of other analysts have also recently weighed in on SBRY. Analysts at JPMorgan Chase & Co. cut their price target on shares of J Sainsbury from GBX 380 ($6.23) to GBX 340 ($5.58) in a research note to investors on Thursday. They now have an “underweight” rating on the stock. Separately, analysts at Sanford C. Bernstein reiterated a “market perform” rating on shares of J Sainsbury in a research note to investors on Tuesday. They now have a GBX 430 ($7.05) price target on the stock. Finally, 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). Four equities research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 392.50 ($6.44).
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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