Sanford C. Bernstein Reiterates Outperform Rating for J Sainsbury plc (SBRY)
J Sainsbury plc (LON:SBRY)‘s stock had its “outperform” rating reaffirmed by investment analysts at Sanford C. Bernstein in a note issued to investors on Thursday, ARN reports. They currently have a GBX 430 ($7.05) target price on the stock. Sanford C. Bernstein’s price target points to a potential upside of 22.16% from the company’s current price.
A number of other firms have also recently commented on SBRY. Analysts at Cantor Fitzgerald Europe reiterated a “hold” rating on shares of J Sainsbury plc in a research note on Wednesday. They now have a GBX 391 ($6.42) price target on the stock. Separately, analysts at Deutsche Bank reiterated a “hold” rating on shares of J Sainsbury plc in a research note on Wednesday. They now have a GBX 370 ($6.07) price target on the stock. Finally, analysts at BNP Paribas reiterated a “neutral” rating on shares of J Sainsbury plc in a research note on Wednesday, February 5th. They now have a GBX 395 ($6.48) price target on the stock. Four equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of GBX 391.06 ($6.42).
Shares of J Sainsbury plc (LON:SBRY) traded up 0.34% during mid-day trading on Thursday, hitting GBX 352.00. The stock had a trading volume of 6,333,835 shares. J Sainsbury plc has a 52-week low of GBX 315.831 and a 52-week high of GBX 428.00. The stock’s 50-day moving average is GBX 358.7 and its 200-day moving average is GBX 384.3. The company’s market cap is £6.668 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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