J Sainsbury plc Rating Reiterated by Sanford C. Bernstein (SBRY)
J Sainsbury plc (LON:SBRY)‘s stock had its “outperform” rating reiterated by stock analysts at Sanford C. Bernstein in a report issued on Friday. They currently have a GBX 400 ($6.73) price target on the stock. Sanford C. Bernstein’s price target would suggest a potential upside of 35.83% from the stock’s previous close.
Several other analysts have also recently commented on the stock. Analysts at Barclays reiterated an “overweight” rating on shares of J Sainsbury plc in a research note on Wednesday. They now have a GBX 365 ($6.14) 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, July 30th. They now have a GBX 330 ($5.55) price target on the stock. Finally, analysts at Nomura raised their price target on shares of J Sainsbury plc from GBX 285 ($4.80) to GBX 305 ($5.13) in a research note on Tuesday, July 22nd. They now have a “neutral” rating on the stock. Six 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 an average rating of “Hold” and a consensus target price of GBX 342.31 ($5.76).
Shares of J Sainsbury plc (LON:SBRY) opened at 297.50 on Friday. J Sainsbury plc has a one year low of GBX 298.176 and a one year high of GBX 428.00. The stock has a 50-day moving average of GBX 315.5 and a 200-day moving average of GBX 328.4. The company’s market cap is £5.668 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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