J Sainsbury Price Target Lowered to GBX 410 at Santander (SBRY)
Equities researchers at Santander reduced their target price on shares of J Sainsbury (LON:SBRY) from GBX 420 ($6.89) to GBX 410 ($6.72) in a research report issued on Friday, Analyst RN reports. The firm currently has a “hold” rating on the stock. Santander’s price target points to a potential upside of 16.68% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Cantor Fitzgerald reiterated a “hold” rating on shares of J Sainsbury in a research note to investors on Thursday. They now have a GBX 391 ($6.41) price target on the stock. Separately, 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. Finally, 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. Four analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of GBX 397.10 ($6.51).
J Sainsbury (LON:SBRY) traded down 1.17% on Friday, hitting GBX 347.289. The stock had a trading volume of 8,796,861 shares. J Sainsbury has a 1-year low of GBX 315.831 and a 1-year high of GBX 428.00. The stock’s 50-day moving average is GBX 388.6 and its 200-day moving average is GBX 388.2. The company’s market cap is £6.579 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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