Cantor Fitzgerald Europe Reiterates Hold Rating for J Sainsbury (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “hold” rating reiterated by research analysts at Cantor Fitzgerald Europe in a report released on Friday, ARN reports. They currently have a GBX 391 ($6.44) target price on the stock. Cantor Fitzgerald Europe’s price objective would indicate a potential upside of 8.28% from the stock’s previous close.
Shares of J Sainsbury (LON:SBRY) traded up 2.08% during mid-day trading on Friday, hitting GBX 368.60. 13,572,275 shares of the company’s stock traded hands. 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 375.4 and its 200-day moving average is GBX 387.8. The company’s market cap is £6.983 billion.
SBRY has been the subject of a number of other recent research reports. Analysts at Societe Generale initiated coverage on shares of J Sainsbury in a research note to investors on Friday. They set a “hold” rating and a GBX 370 ($6.10) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of J Sainsbury in a research note to investors on Wednesday. They now have a GBX 370 ($6.10) price target on the stock. Finally, analysts at Nomura reiterated a “neutral” rating on shares of J Sainsbury in a research note to investors on Monday. They now have a GBX 370 ($6.10) price target on the stock. Four investment analysts have rated the stock with a sell rating, seventeen have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. J Sainsbury presently has a consensus rating of “Hold” and an average price target of GBX 393.26 ($6.48).
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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.