J Sainsbury Given Neutral Rating at BNP Paribas (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “neutral” rating restated by stock analysts at BNP Paribas in a report issued on Wednesday, AR Network reports. They currently have a GBX 395 ($6.49) price objective on the stock. BNP Paribas’ target price points to a potential upside of 13.73% from the stock’s previous close.
Shares of J Sainsbury (LON:SBRY) opened at 349.80 on Wednesday. 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 363.3 and its 200-day moving average is GBX 386.4. The company’s market cap is £6.627 billion.
SBRY has been the subject of a number of other recent research reports. Analysts at Sanford C. Bernstein upgraded shares of J Sainsbury to an “outperform” rating in a research note to investors on Tuesday. They now have a GBX 430 ($7.07) price target on the stock. Separately, analysts at Cantor Fitzgerald Europe reiterated a “hold” rating on shares of J Sainsbury in a research note to investors on Thursday, January 30th. They now have a GBX 391 ($6.43) price target on the stock. Finally, analysts at HSBC cut their price target on shares of J Sainsbury from GBX 380 ($6.24) to GBX 360 ($5.92) in a research note to investors on Thursday, January 30th. They now have a “neutral” rating on the stock. Four research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of GBX 391.06 ($6.43).
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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