J Sainsbury plc (SBRY) Receives Equal Weight Rating from Barclays PLC
J Sainsbury plc (LON:SBRY)‘s stock had its “equal weight” rating reiterated by research analysts at Barclays PLC in a research note issued to investors on Wednesday. They currently have a GBX 270 ($3.52) price target on the grocer’s stock. Barclays PLC’s price target would suggest a potential upside of 10.43% from the stock’s current price.
Several other research firms also recently weighed in on SBRY. Deutsche Bank AG reiterated a “buy” rating and set a GBX 325 ($4.24) target price on shares of J Sainsbury plc in a research report on Tuesday, May 31st. Haitong Bank reiterated a “neutral” rating and set a GBX 235 ($3.07) target price on shares of J Sainsbury plc in a research report on Wednesday, June 1st. BNP Paribas reiterated a “neutral” rating and set a GBX 250 ($3.26) target price on shares of J Sainsbury plc in a research report on Wednesday, June 1st. Societe Generale reiterated a “buy” rating and set a GBX 315 ($4.11) target price on shares of J Sainsbury plc in a research report on Wednesday, June 1st. Finally, Jefferies Group reiterated a “hold” rating and set a GBX 280 ($3.65) target price on shares of J Sainsbury plc in a research report on Wednesday, June 1st. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and five have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of GBX 253.38 ($3.31).
J Sainsbury plc (LON:SBRY) opened at 250.10 on Wednesday. The stock has a 50 day moving average price of GBX 238.26 and a 200 day moving average price of GBX 252.84. The stock’s market cap is GBX 4.79 billion. J Sainsbury plc has a 52 week low of GBX 211.50 and a 52 week high of GBX 294.40.
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In other news, insider Tyler,David A bought 25,000 shares of J Sainsbury plc stock in a transaction on Friday, July 29th. The shares were bought at an average price of GBX 223 ($2.91) per share, with a total value of £55,750 ($72,771.18). Also, insider Harris,Mary bought 13,119 shares of J Sainsbury plc stock in a transaction on Thursday, July 28th. The shares were purchased at an average cost of GBX 227 ($2.96) per share, for a total transaction of £29,780.13 ($38,872.38).
J Sainsbury plc Company Profile
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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