J Sainsbury plc’s “Outperform” Rating Reaffirmed at Sanford C. Bernstein (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 Friday. They currently have a GBX 400 ($6.62) price objective on the stock. Sanford C. Bernstein’s price target would suggest a potential upside of 31.80% from the stock’s previous close.
A number of other analysts have also recently weighed in on SBRY. Analysts at Deutsche Bank reiterated a “hold” rating on shares of J Sainsbury plc in a research note on Thursday. They now have a GBX 330 ($5.46) price target on the stock. Separately, 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 given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of GBX 342.31 ($5.66).
Shares of J Sainsbury plc (LON:SBRY) opened at 291.30 on Friday. 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 311.7 and its 200-day moving average is GBX 323.4. The company’s market cap is £5.550 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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