J Sainsbury plc (SBRY) Receives Buy Rating from Deutsche Bank AG
J Sainsbury plc (LON:SBRY)‘s stock had its “buy” rating reaffirmed by research analysts at Deutsche Bank AG in a research report issued to clients and investors on Wednesday. They presently have a GBX 280 ($3.65) price target on the grocer’s stock. Deutsche Bank AG’s price objective would suggest a potential upside of 12.27% from the company’s previous close.
SBRY has been the topic of a number of other research reports. HSBC reissued a “reduce” rating and set a GBX 200 ($2.61) price objective on shares of J Sainsbury plc in a report on Wednesday, June 1st. Barclays PLC reissued an “equal weight” rating and set a GBX 250 ($3.26) price objective on shares of J Sainsbury plc in a report on Wednesday, June 1st. Citigroup Inc. reissued a “neutral” rating on shares of J Sainsbury plc in a report on Wednesday, June 1st. BNP Paribas reissued a “neutral” rating and set a GBX 250 ($3.26) price objective on shares of J Sainsbury plc in a report on Wednesday, June 1st. Finally, Haitong Bank reissued a “neutral” rating and set a GBX 235 ($3.07) price objective on shares of J Sainsbury plc in a report on Wednesday, June 1st. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and five have issued a buy rating to the company. J Sainsbury plc currently has an average rating of “Hold” and a consensus target price of GBX 253.38 ($3.31).
Shares of J Sainsbury plc (LON:SBRY) traded up 2.00% on Wednesday, reaching GBX 249.40. 7,825,693 shares of the company’s stock were exchanged. The firm has a 50 day moving average of GBX 238.89 and a 200 day moving average of GBX 252.79. J Sainsbury plc has a one year low of GBX 211.50 and a one year high of GBX 294.40. The firm’s market capitalization is GBX 4.78 billion.
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In related news, insider Harris,Mary acquired 13,119 shares of the company’s stock in a transaction dated Thursday, July 28th. The stock was bought at an average price of GBX 227 ($2.96) per share, with a total value of £29,780.13 ($38,872.38). Also, insider Cassin ,Brian acquired 25,000 shares of the company’s stock in a transaction dated Wednesday, August 3rd. The shares were bought at an average cost of GBX 222 ($2.90) per share, with a total value of £55,500 ($72,444.85).
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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