J Sainsbury Receives Hold Rating from Deutsche Bank (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “hold” rating reiterated by equities research analysts at Deutsche Bank in a research note issued to investors on Wednesday, American Banking & Market News reports. They currently have a GBX 370 ($6.07) price target on the stock. Deutsche Bank’s target price would indicate a potential upside of 5.50% from the stock’s previous close.
J Sainsbury (LON:SBRY) traded up 0.34% during mid-day trading on Wednesday, hitting GBX 350.10. The stock had a trading volume of 8,182,790 shares. J Sainsbury has a 1-year low of GBX 315.831 and a 1-year high of GBX 428.00. The stock has a 50-day moving average of GBX 360.2 and a 200-day moving average of GBX 384.9. The company’s market cap is £6.632 billion.
A number of other analysts have also recently weighed in on SBRY. Analysts at BNP Paribas reiterated a “neutral” rating on shares of J Sainsbury in a research note on Wednesday, February 5th. They now have a GBX 395 ($6.48) price target on the stock. Separately, analysts at Sanford C. Bernstein upgraded shares of J Sainsbury to an “outperform” rating in a research note on Tuesday, February 4th. They now have a GBX 430 ($7.05) price target on the stock. Finally, analysts at Cantor Fitzgerald Europe reiterated a “hold” rating on shares of J Sainsbury in a research note on Thursday, January 30th. They now have a GBX 391 ($6.42) price target on the stock. Four research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. J Sainsbury presently has an average rating of “Hold” and an average price target of GBX 391.06 ($6.42).
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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