Grupo Santander Reiterates “Hold” Rating for J Sainsbury plc (SBRY)
J Sainsbury plc (LON:SBRY)‘s stock had its “hold” rating reiterated by Grupo Santander in a research note issued on Monday, ARN reports. They currently have a GBX 360 ($6.05) price target on the stock. Grupo Santander’s target price points to a potential upside of 11.77% from the company’s current price.
Shares of J Sainsbury plc (LON:SBRY) opened at 322.215 on Monday. J Sainsbury plc has a one year low of GBX 301.50 and a one year high of GBX 428.00. The stock has a 50-day moving average of GBX 316.9 and a 200-day moving average of GBX 360.9. The company’s market cap is £6.104 billion.
Several other analysts have also recently commented on the stock. Analysts at Jefferies Group cut their price target on shares of J Sainsbury plc from GBX 350 ($5.88) to GBX 290 ($4.87) in a research note on Friday. They now have a “hold” rating on the stock. Separately, analysts at Barclays reiterated an “overweight” rating on shares of J Sainsbury plc in a research note on Tuesday, April 15th. They now have a GBX 365 ($6.13) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of J Sainsbury plc in a research note on Wednesday, April 9th. They now have a GBX 355 ($5.96) price target on the stock. Six analysts have rated the stock with a sell rating, sixteen have given a hold rating and eight have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of GBX 363.78 ($6.11).
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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