J Sainsbury plc Given Add Rating at Oriel Securities Ltd (SBRY)
J Sainsbury plc (LON:SBRY)‘s stock had its “add” rating reiterated by equities researchers at Oriel Securities Ltd in a research report issued on Monday, Stock Ratings Network.com reports. They currently have a GBX 325 ($5.47) price objective on the stock. Oriel Securities Ltd’s price target points to a potential downside of 2.90% from the stock’s previous close.
Shares of J Sainsbury plc (LON:SBRY) opened at 335.495 on Monday. J Sainsbury plc has a 1-year low of GBX 301.50 and a 1-year high of GBX 428.00. The stock’s 50-day moving average is GBX 318.2 and its 200-day moving average is GBX 356.. The company’s market cap is £6.372 billion.
The company also recently declared a dividend, which is scheduled for Friday, July 11th. Stockholders of record on Wednesday, May 14th will be given a dividend of GBX 12.30 ($0.21) per share. This represents a yield of 3.79%. The ex-dividend date of this dividend is Wednesday, May 14th.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “overweight” rating on shares of J Sainsbury plc in a research note on Thursday. They now have a GBX 365 ($6.15) price target on the stock. Separately, analysts at Shore Capital Stockbrokers reiterated a “hold” rating on shares of J Sainsbury plc in a research note on Thursday. They now have a GBX 325 ($5.47) 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 Thursday. They now have a GBX 330 ($5.56) price target on the stock. Six research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and seven have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 347.23 ($5.85).
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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