J Sainsbury plc Given Hold Rating at Deutsche Bank (SBRY)
J Sainsbury plc (LON:SBRY)‘s stock had its “hold” rating restated by research analysts at Deutsche Bank in a report released on Wednesday. They currently have a GBX 330 ($5.62) target price on the stock. Deutsche Bank’s price objective points to a potential upside of 5.00% from the stock’s previous close.
J Sainsbury plc (LON:SBRY) traded up 0.06% during mid-day trading on Wednesday, hitting GBX 314.30. The stock had a trading volume of 4,635,090 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 328.8 and its 200-day moving average is GBX 337.5. The company’s market cap is £5.988 billion.
A number of other firms have also recently commented on SBRY. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of J Sainsbury plc in a research note on Monday. They now have a GBX 400 ($6.81) price target on the stock. Separately, analysts at Shore Capital reiterated a “hold” rating on shares of J Sainsbury plc in a research note on Monday, June 23rd. Finally, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of J Sainsbury plc in a research note on Monday, June 23rd. They now have a GBX 280 ($4.77) price target on the stock. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. The company presently 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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