J Sainsbury plc Stock Rating Reaffirmed by Sanford C. Bernstein (SBRY)
J Sainsbury plc (LON:SBRY)‘s stock had its “outperform” rating restated by stock analysts at Sanford C. Bernstein in a report issued on Friday. They currently have a GBX 400 ($6.79) target price on the stock. Sanford C. Bernstein’s price objective would suggest a potential upside of 24.49% from the company’s current price.
Several other analysts have also recently commented on the stock. Analysts at BNP Paribas reiterated a “neutral” rating on shares of J Sainsbury plc in a research note on Friday, June 13th. They now have a GBX 345 ($5.86) 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 Wednesday, June 11th. They now have a GBX 335 ($5.69) price target on the stock. Finally, analysts at Grupo Santander reiterated a “hold” rating on shares of J Sainsbury plc in a research note on Friday, June 6th. They now have a GBX 360 ($6.11) price target on the stock. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of GBX 343.46 ($5.83).
Shares of J Sainsbury plc (LON:SBRY) opened at 320.20 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 has a 50-day moving average of GBX 332. and a 200-day moving average of GBX 342.6. The company’s market cap is £6.100 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.
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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