J Sainsbury plc (LON:SBRY) had its target price upped by stock analysts at Credit Suisse Group AG from GBX 300 ($3.90) to GBX 320 ($4.16) in a report released on Friday. The firm presently has an “outperform” rating on the grocer’s stock. Credit Suisse Group AG’s price target suggests a potential upside of 13.60% from the company’s current price.

Several other analysts also recently weighed in on the stock. Shore Capital reaffirmed a “buy” rating on shares of J Sainsbury plc in a report on Wednesday, May 17th. Deutsche Bank AG reissued a “hold” rating and set a GBX 300 ($3.90) price objective on shares of J Sainsbury plc in a report on Wednesday, May 10th. Barclays PLC reissued an “equal weight” rating and set a GBX 260 ($3.38) price objective on shares of J Sainsbury plc in a report on Thursday, May 4th. HSBC Holdings plc reissued a “reduce” rating and set a GBX 205 ($2.67) price objective on shares of J Sainsbury plc in a report on Sunday, April 30th. Finally, Jefferies Group LLC reissued a “hold” rating and set a GBX 260 ($3.38) price objective on shares of J Sainsbury plc in a report on Tuesday, April 25th. Three equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of GBX 257.07 ($3.34).

Analyst Recommendations for J Sainsbury plc (LON:SBRY)

J Sainsbury plc (LON:SBRY) traded up 1.11% during midday trading on Friday, hitting GBX 281.70. 8,541,140 shares of the stock traded hands. The company’s 50 day moving average is GBX 268.36 and its 200-day moving average is GBX 258.48. The company’s market cap is GBX 6.04 billion. J Sainsbury plc has a one year low of GBX 211.50 and a one year high of GBX 283.60.

The business also recently declared a dividend, which will be paid on Friday, July 7th. Stockholders of record on Thursday, May 11th will be given a GBX 6.60 ($0.09) dividend. This represents a dividend yield of 2.36%. This is a positive change from J Sainsbury plc’s previous dividend of $3.60. The ex-dividend date is Thursday, May 11th.

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In other news, insider John Rogers purchased 21,839 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were bought at an average price of GBX 266 ($3.46) per share, with a total value of £58,091.74 ($75,571.41). Also, insider Michael Andrew Coupe sold 86,095 shares of J Sainsbury plc stock in a transaction that occurred on Thursday, May 4th. The shares were sold at an average price of GBX 259 ($3.37), for a total transaction of £222,986.05 ($290,082.02). Insiders bought 25,069 shares of company stock valued at $6,665,295 over the last three months.

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).

12 Month Chart for LON:SBRY

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