J Sainsbury plc’s “Hold” Rating Reaffirmed at Deutsche Bank (SBRY)
J Sainsbury plc (LON:SBRY)‘s stock had its “hold” rating restated by stock analysts at Deutsche Bank in a report issued on Wednesday. They currently have a GBX 330 ($5.53) price target on the stock. Deutsche Bank’s price target points to a potential upside of 0.72% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of J Sainsbury plc in a research note on Friday, May 30th. They now have a GBX 400 ($6.71) price target on the stock. Separately, 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 ($5.36) price target on the stock. Finally, 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 ($5.45) 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 given a buy rating to the stock. J Sainsbury plc currently has a consensus rating of “Hold” and an average target price of GBX 342.11 ($5.74).
J Sainsbury plc (LON:SBRY) traded down 1.85% on Wednesday, hitting GBX 327.63. 11,291,543 shares of the company’s stock traded hands. J Sainsbury plc has a 52 week low of GBX 301.50 and a 52 week high of GBX 428.00. The stock’s 50-day moving average is GBX 331.2 and its 200-day moving average is GBX 348.5. The company’s market cap is £6.222 billion.
The company also recently declared a dividend, which is scheduled for Friday, July 11th. Shareholders 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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