J Sainsbury plc Receives Hold Rating from Societe Generale (SBRY)
J Sainsbury plc (LON:SBRY)‘s stock had its “hold” rating reaffirmed by analysts at Societe Generale in a research report issued to clients and investors on Wednesday. They currently have a GBX 330 ($5.62) price objective on the stock. Societe Generale’s price objective suggests a potential upside of 5.06% from the company’s current price.
J Sainsbury plc (LON:SBRY) opened at 315.20 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 329. and a 200-day moving average of GBX 337.7. The company’s market cap is £6.005 billion.
A number of other analysts have also recently weighed in on SBRY. 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 ($5.62) 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 Monday. They now have a GBX 400 ($6.81) price target on the stock. Finally, analysts at Shore Capital reiterated a “hold” rating on shares of J Sainsbury plc in a research note on Monday, June 23rd. 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 company’s stock. J Sainsbury plc 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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