J Sainsbury plc Rating Reiterated by Sanford C. Bernstein (SBRY)
J Sainsbury plc (LON:SBRY)‘s stock had its “outperform” rating reaffirmed by equities researchers at Sanford C. Bernstein in a research report issued on Monday, ARN reports. They currently have a GBX 430 ($7.13) price objective on the stock. Sanford C. Bernstein’s target price would suggest a potential upside of 38.26% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Goldman Sachs reiterated a “conviction sell” rating on shares of J Sainsbury plc in a research note on Wednesday, April 2nd. Separately, analysts at Societe Generale cut their price target on shares of J Sainsbury plc from GBX 370 ($6.13) to GBX 330 ($5.47) in a research note on Monday, March 31st. They now have a “hold” rating on the stock. Finally, analysts at Cantor Fitzgerald Europe reiterated a “hold” rating on shares of J Sainsbury plc in a research note on Monday, March 24th. They now have a GBX 391 ($6.48) price target on the stock. Six equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and eight have issued a buy rating to the stock. J Sainsbury plc has an average rating of “Hold” and an average target price of GBX 373.18 ($6.19).
J Sainsbury plc (LON:SBRY) opened at 310.99 on Monday. J Sainsbury plc has a 52-week low of GBX 301.70 and a 52-week high of GBX 428.00. The stock’s 50-day moving average is GBX 328.5 and its 200-day moving average is GBX 368.6. The company’s market cap is £5.891 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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