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 Friday. They currently have a GBX 400 ($6.73) price objective on the stock. Sanford C. Bernstein’s price target would suggest a potential upside of 17.44% from the stock’s previous close.
A number of other firms have also recently commented on SBRY. Analysts at BNP Paribas reiterated a “neutral” rating on shares of J Sainsbury plc in a research note on Thursday, May 22nd. They now have a GBX 320 ($5.39) price target on the stock. Separately, analysts at Oriel Securities Ltd reiterated an “add” rating on shares of J Sainsbury plc in a research note on Monday, May 12th. They now have a GBX 325 ($5.47) price target on the stock. Finally, analysts at Barclays reiterated an “overweight” rating on shares of J Sainsbury plc in a research note on Thursday, May 8th. They now have a GBX 365 ($6.14) price target on the stock. Six equities research analysts have rated the stock with a sell rating, sixteen have given a hold rating and six have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of GBX 342.11 ($5.76).
Shares of J Sainsbury plc (LON:SBRY) opened at 341.20 on Friday. 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 328.8 and its 200-day moving average is GBX 350.8. The company’s market cap is £6.480 billion.
The company also recently declared a dividend, which is scheduled for Friday, July 11th. Investors 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.
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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