Jefferies Group Reiterates “Hold” Rating for J Sainsbury plc (SBRY)
J Sainsbury plc (LON:SBRY)‘s stock had its “hold” rating reiterated by Jefferies Group in a research note issued on Wednesday. They currently have a GBX 290 ($4.86) price objective on the stock. Jefferies Group’s price objective points to a potential downside of 13.12% from the stock’s previous close.
Shares of J Sainsbury plc (LON:SBRY) opened at 327.90 on Wednesday. J Sainsbury plc has a 52 week low of GBX 301.50 and a 52 week high of GBX 428.00. The stock has a 50-day moving average of GBX 331.2 and a 200-day moving average of GBX 349.0. The company’s market cap is £6.227 billion.
The company also recently announced a dividend, which is scheduled for Friday, July 11th. Shareholders of record on Wednesday, May 14th will be paid a dividend of GBX 12.30 ($0.21) per share. This represents a dividend yield of 3.79%. The ex-dividend date is Wednesday, May 14th.
SBRY has been the subject of a number of other recent research reports. Analysts at Deutsche Bank reiterated a “hold” rating on shares of J Sainsbury plc in a research note on Wednesday. They now have a GBX 330 ($5.53) price target on the stock. Separately, 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. Finally, 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. Six equities research analysts have rated the stock with a sell rating, sixteen have issued a hold rating and six have issued a buy rating to the company’s stock. J Sainsbury plc currently has an average rating of “Hold” and a consensus price target of GBX 342.11 ($5.74).
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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