J Sainsbury Coverage Initiated at Societe Generale (SBRY)
Stock analysts at Societe Generale began coverage on shares of J Sainsbury (LON:SBRY) in a report issued on Friday, AnalystRatings.NET reports. The firm set a “hold” rating and a GBX 370 ($6.10) price target on the stock. Societe Generale’s price objective points to a potential upside of 2.46% from the stock’s previous close.
SBRY has been the subject of a number of other recent research reports. 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. Separately, 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. Finally, analysts at Santander cut their price target on shares of J Sainsbury from GBX 420 ($6.92) to GBX 410 ($6.76) in a research note to investors on Friday, January 10th. They now have a “hold” rating on the stock. Four research analysts have rated the stock with a sell rating, seventeen have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. J Sainsbury presently has a consensus rating of “Hold” and an average target price of GBX 393.26 ($6.48).
J Sainsbury (LON:SBRY) traded up 2.08% on Friday, hitting GBX 368.60. 17,212,604 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.
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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