J Sainsbury plc Given Neutral Rating at BNP Paribas (SBRY)
J Sainsbury plc (LON:SBRY)‘s stock had its “neutral” rating restated by stock analysts at BNP Paribas in a report issued on Friday. They currently have a GBX 345 ($5.88) price objective on the stock. BNP Paribas’ price objective indicates a potential upside of 7.48% from the stock’s previous close.
Shares of J Sainsbury plc (LON:SBRY) opened at 320.50 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 328.3 and a 200-day moving average of GBX 337.4. The company’s market cap is £6.106 billion.
Several other analysts have also recently commented on the stock. Analysts at Societe Generale 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 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. Finally, 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. Six research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target 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).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.