J Sainsbury plc Rating Reiterated by Deutsche Bank (SBRY)
J Sainsbury plc (LON:SBRY)‘s stock had its “hold” rating reaffirmed by analysts at Deutsche Bank in a research report issued to clients and investors on Wednesday. They currently have a GBX 330 ($5.60) target price on the stock. Deutsche Bank’s target price would suggest a potential upside of 6.14% from the stock’s previous close.
J Sainsbury plc (LON:SBRY) opened at 310.90 on Wednesday. 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 317.5 and a 200-day moving average of GBX 330.2. The company’s market cap is £5.923 billion.
Several other analysts have also recently commented on the stock. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of J Sainsbury plc in a research note on Tuesday, July 22nd. They now have a GBX 400 ($6.79) price target on the stock. Separately, analysts at Nomura raised their price target on shares of J Sainsbury plc from GBX 285 ($4.84) to GBX 305 ($5.18) in a research note on Tuesday, July 22nd. They now have a “neutral” rating on the stock. Finally, analysts at Cantor Fitzgerald Europe reiterated a “hold” rating on shares of J Sainsbury plc in a research note on Monday, July 14th. They now have a GBX 320 ($5.43) 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 given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of GBX 341.18 ($5.79).
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.