Deutsche Bank Reaffirms Hold Rating for J Sainsbury plc (SBRY)
J Sainsbury plc (LON:SBRY)‘s stock had its “hold” rating restated by Deutsche Bank in a research note issued on Thursday. They currently have a GBX 330 ($5.46) target price on the stock. Deutsche Bank’s price objective would suggest a potential upside of 8.73% from the company’s current price.
A number of other firms have also recently commented on SBRY. 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. Six analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of GBX 342.31 ($5.66).
Shares of J Sainsbury plc (LON:SBRY) traded down 0.23% on Thursday, hitting GBX 303.50. The stock had a trading volume of 6,817,312 shares. J Sainsbury plc has a 52-week low of GBX 291.88 and a 52-week high of GBX 428.00. The stock’s 50-day moving average is GBX 311.7 and its 200-day moving average is GBX 323.4. The company’s market cap is £5.782 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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