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J Sainsbury plc (LON:SBRY)‘s stock had its “underweight” rating reaffirmed by investment analysts at JPMorgan Chase & Co. in a note issued to investors on Monday. They currently have a GBX 280 ($4.77) price target on the stock. JPMorgan Chase & Co.’s price objective suggests a potential downside of 11.62% from the company’s current price.

J Sainsbury plc (LON:SBRY) traded down 0.47% on Monday, hitting GBX 315.30. 4,279,634 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 has a 50-day moving average of GBX 331.8 and a 200-day moving average of GBX 341.1. The company’s market cap is £6.007 billion.

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. They now have a GBX 400 ($6.81) 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 Friday, June 13th. They now have a GBX 345 ($5.87) 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 Wednesday, June 11th. They now have a GBX 335 ($5.70) price target on the stock. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of GBX 341.36 ($5.81).

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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