J Sainsbury plc (SBRY) Given “Buy” Rating at Deutsche Bank AG
J Sainsbury plc (LON:SBRY)‘s stock had its “buy” rating reaffirmed by analysts at Deutsche Bank AG in a research report issued on Wednesday. They presently have a GBX 280 ($3.65) price target on the grocer’s stock. Deutsche Bank AG’s price objective indicates a potential upside of 14.52% from the stock’s current price.
Other research analysts also recently issued reports about the stock. Societe Generale reiterated a “buy” rating and set a GBX 315 ($4.11) price target on shares of J Sainsbury plc in a report on Wednesday, June 1st. Barclays PLC reiterated an “equal weight” rating and set a GBX 250 ($3.26) price target on shares of J Sainsbury plc in a report on Wednesday, June 1st. Jefferies Group reiterated a “hold” rating and set a GBX 280 ($3.65) price target on shares of J Sainsbury plc in a report on Wednesday, June 1st. Beaufort Securities reiterated a “hold” rating on shares of J Sainsbury plc in a report on Thursday, June 9th. Finally, Shore Capital reiterated a “hold” rating on shares of J Sainsbury plc in a report on Wednesday, June 8th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 253.38 ($3.31).
J Sainsbury plc (LON:SBRY) opened at 247.80 on Wednesday. The company’s market capitalization is GBX 4.75 billion. J Sainsbury plc has a 12-month low of GBX 211.50 and a 12-month high of GBX 294.40. The firm’s 50-day moving average price is GBX 238.26 and its 200 day moving average price is GBX 252.84.
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In other news, insider Tyler,David A acquired 25,000 shares of the firm’s stock in a transaction on Friday, July 29th. The stock was purchased at an average price of GBX 223 ($2.91) per share, for a total transaction of £55,750 ($72,771.18). Also, insider Harris,Mary acquired 13,119 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was purchased at an average price of GBX 227 ($2.96) per share, with a total value of £29,780.13 ($38,872.38).
About J Sainsbury plc
J Sainsbury plc is engaged in grocery-related retailing and retail banking. The Company’s segments include Retailing; Financial services, and Property investments. The Retailing segment is engaged in the operation of supermarkets and convenience. The Financial services segment includes the operations of Sainsbury’s Bank plc (Sainsbury’s Bank).
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