J Sainsbury plc (SBRY) Rating Reiterated by BNP Paribas
J Sainsbury plc (LON:SBRY)‘s stock had its “outperform” rating restated by equities research analysts at BNP Paribas in a research note issued to investors on Monday. They currently have a GBX 265 ($3.23) price objective on the grocer’s stock. BNP Paribas’ price objective would indicate a potential upside of 15.57% from the stock’s previous close.
SBRY has been the topic of a number of other research reports. Deutsche Bank AG restated a “buy” rating and set a GBX 280 ($3.41) price objective on shares of J Sainsbury plc in a research report on Wednesday, August 24th. Barclays PLC restated an “equal weight” rating and set a GBX 270 ($3.29) price objective on shares of J Sainsbury plc in a research report on Wednesday, September 21st. Jefferies Group lowered their price objective on shares of J Sainsbury plc from GBX 280 ($3.41) to GBX 250 ($3.05) and set a “hold” rating on the stock in a research report on Monday, September 26th. Citigroup Inc. restated a “neutral” rating on shares of J Sainsbury plc in a research report on Wednesday, August 31st. Finally, Societe Generale restated a “hold” rating on shares of J Sainsbury plc in a research report on Tuesday, June 28th. Five analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the company’s stock. J Sainsbury plc has a consensus rating of “Hold” and a consensus target price of GBX 253.69 ($3.09).
J Sainsbury plc (LON:SBRY) traded down 1.55% on Monday, hitting GBX 229.30. 9,962,707 shares of the stock were exchanged. The firm’s market cap is GBX 4.39 billion. J Sainsbury plc has a 12 month low of GBX 211.50 and a 12 month high of GBX 294.40. The company has a 50-day moving average of GBX 242.01 and a 200 day moving average of GBX 248.66.
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In related news, insider Cassin ,Brian acquired 25,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The stock was bought at an average price of GBX 222 ($2.71) per share, for a total transaction of £55,500 ($67,641.68). Also, insider Harris,Mary acquired 13,119 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were bought at an average price of GBX 227 ($2.77) per share, with a total value of £29,780.13 ($36,295.10).
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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