J Sainsbury plc Given Consensus Rating of “Hold” by Analysts (LON:SBRY)
Shares of J Sainsbury plc (LON:SBRY) have been given a consensus rating of “Hold” by the twenty-six ratings firms that are covering the stock, Stock Ratings Network.com reports. Six analysts have rated the stock with a sell recommendation, fourteen have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is GBX 342.31 ($5.66).
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, August 20th. They now have a GBX 400 ($6.62) 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 ($6.04) price target on the stock.
Shares of J Sainsbury plc (LON:SBRY) opened at 306.50 on Thursday. J Sainsbury plc has a 1-year low of GBX 291.88 and a 1-year high of GBX 428.00. The stock’s 50-day moving average is GBX 312.9 and its 200-day moving average is GBX 324.8. The company’s market cap is £5.839 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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