J Sainsbury plc Earns “Hold” Rating from Jefferies Group (SBRY)
J Sainsbury plc (LON:SBRY)‘s stock had its “hold” rating restated by Jefferies Group in a research note issued on Tuesday. They currently have a GBX 290 ($4.81) price objective on the stock. Jefferies Group’s price objective indicates a potential downside of 1.59% from the company’s current price.
Shares of J Sainsbury plc (LON:SBRY) traded up 1.80% during mid-day trading on Tuesday, hitting GBX 294.70. 6,967,053 shares of the company’s stock traded hands. J Sainsbury plc has a 1-year low of GBX 284.60 and a 1-year high of GBX 428.00. The stock has a 50-day moving average of GBX 310.0 and a 200-day moving average of GBX 321.9. The company’s market cap is £5.614 billion.
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 Friday. They now have a GBX 400 ($6.64) 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 Thursday, August 28th. They now have a GBX 330 ($5.48) price target on the stock. Six investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company’s stock. J Sainsbury plc has an average rating of “Hold” and a consensus target price of GBX 342.31 ($5.68).
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).