J Sainsbury plc’s “Hold” Rating Reaffirmed at Shore Capital (SBRY)
Several other analysts have also recently commented on the stock. Analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of J Sainsbury plc in a research note on Monday. They now have a GBX 280 ($4.77) 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. They now have a GBX 400 ($6.81) 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 Friday, June 13th. They now have a GBX 345 ($5.87) price target on the stock. Six investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. J Sainsbury plc has an average rating of “Hold” and an average price target of GBX 341.36 ($5.81).
J Sainsbury plc (LON:SBRY) traded down 0.25% during mid-day trading on Monday, hitting GBX 316.00. The stock had a trading volume of 2,842,882 shares. 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 331.8 and its 200-day moving average is GBX 342.4. The company’s market cap is £6.020 billion.
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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