J Sainsbury plc Receives Average Rating of “Hold” from Brokerages (LON:SBRY)
Shares of J Sainsbury plc (LON:SBRY) have earned an average recommendation of “Hold” from the twenty-six brokerages that are currently covering the company, American Banking & Market News reports. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is GBX 342.31 ($5.72).
J Sainsbury plc (LON:SBRY) opened at 307.20 on Thursday. J Sainsbury plc has a one year low of GBX 291.88 and a one year high of GBX 428.00. The stock’s 50-day moving average is GBX 313.3 and its 200-day moving average is GBX 325.0. The company’s market cap is £5.853 billion.
SBRY has been the subject of a number of recent research reports. Analysts at Sanford C. Bernstein reiterated an “outperform” rating on shares of J Sainsbury plc in a research note on Wednesday. They now have a GBX 400 ($6.69) price target on the stock. Finally, 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.
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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