Barclays Reiterates Overweight Rating for J Sainsbury plc (SBRY)
A number of other analysts have also recently weighed in on SBRY. Analysts at BNP Paribas reiterated a “neutral” rating on shares of J Sainsbury plc in a research note on Friday, July 4th. They now have a GBX 345 ($5.92) price target on the stock. Separately, analysts at Societe Generale reiterated a “hold” rating on shares of J Sainsbury plc in a research note on Wednesday, July 2nd. They now have a GBX 330 ($5.66) price target on the stock. Finally, analysts at Deutsche Bank reiterated a “hold” rating on shares of J Sainsbury plc in a research note on Wednesday, July 2nd. They now have a GBX 330 ($5.66) price target on the stock. Six research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have given a buy rating to the stock. J Sainsbury plc currently has a consensus rating of “Hold” and an average price target of GBX 340.18 ($5.83).
Shares of J Sainsbury plc (LON:SBRY) traded up 1.84% on Thursday, hitting GBX 314.90. The stock had a trading volume of 17,881,824 shares. J Sainsbury plc has a 1-year low of GBX 301.50 and a 1-year high of GBX 428.00. The stock’s 50-day moving average is GBX 326.7 and its 200-day moving average is GBX 335.9. The company’s market cap is £5.999 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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