J Sainsbury Stock Rating Reaffirmed by Cantor Fitzgerald Europe (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “hold” rating reaffirmed by Cantor Fitzgerald Europe in a research note issued on Friday, AmericanBankingNews.com reports. They currently have a GBX 391 ($6.44) price target on the stock. Cantor Fitzgerald Europe’s target price indicates a potential upside of 8.28% from the company’s current price.
A number of other analysts have also recently weighed in on SBRY. 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 research analysts have rated the stock with a sell rating, seventeen have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. J Sainsbury currently has a consensus rating of “Hold” and an average target price 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).
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