J Sainsbury plc Receives Underweight Rating from JPMorgan Chase & Co. (SBRY)
J Sainsbury plc (LON:SBRY)‘s stock had its “underweight” rating reaffirmed by stock analysts at JPMorgan Chase & Co. in a report issued on Tuesday, Stock Ratings Network.com reports. They currently have a GBX 280 ($4.70) price target on the stock. JPMorgan Chase & Co.’s target price indicates a potential downside of 15.97% from the stock’s previous close.
J Sainsbury plc (LON:SBRY) traded up 0.82% on Tuesday, hitting GBX 333.20. The stock had a trading volume of 6,654,768 shares. J Sainsbury plc has a one year low of GBX 301.50 and a one year high of GBX 428.00. The stock’s 50-day moving average is GBX 316.3 and its 200-day moving average is GBX 359.8. The company’s market cap is £6.312 billion.
SBRY has been the subject of a number of other recent research reports. Analysts at Grupo Santander reiterated a “hold” rating on shares of J Sainsbury plc in a research note on Monday. They now have a GBX 360 ($6.05) price target on the stock. Separately, 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. Finally, 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. Six equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and eight have assigned a buy rating to the company. J Sainsbury plc presently has an average rating of “Hold” and an average target price of GBX 362.78 ($6.10).
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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