Sanford C. Bernstein Reaffirms “Outperform” Rating for J Sainsbury plc (SBRY)
J Sainsbury plc (LON:SBRY)‘s stock had its “outperform” rating restated by investment analysts at Sanford C. Bernstein in a note issued to investors on Wednesday. They currently have a GBX 400 ($6.69) price objective on the stock. Sanford C. Bernstein’s price target points to a potential upside of 28.25% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays reiterated an “overweight” rating on shares of J Sainsbury plc in a research note on Wednesday, August 6th. They now have a GBX 365 ($6.10) 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 ($5.52) price target on the stock. Finally, analysts at Nomura raised their price target on shares of J Sainsbury plc from GBX 285 ($4.76) to GBX 305 ($5.10) in a research note on Tuesday, July 22nd. They now have a “neutral” rating on the stock. Six equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of GBX 342.31 ($5.72).
J Sainsbury plc (LON:SBRY) opened at 309.10 on Wednesday. J Sainsbury plc has a 52-week low of GBX 291.88 and a 52-week high of GBX 428.00. The stock has a 50-day moving average of GBX 313.5 and a 200-day moving average of GBX 325.. The company’s market cap is £5.889 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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