J Sainsbury plc (LON:SBRY)‘s stock had its “equal weight” rating reaffirmed by equities research analysts at Barclays PLC in a research note issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 260 ($3.29) price target on the grocer’s stock. Barclays PLC’s target price suggests a potential upside of 3.05% from the stock’s current price.

Other research analysts have also issued research reports about the company. HSBC Holdings plc restated a “reduce” rating and issued a GBX 205 ($2.59) price objective on shares of J Sainsbury plc in a report on Monday, April 24th. Shore Capital reaffirmed a “buy” rating on shares of J Sainsbury plc in a research note on Thursday, March 16th. Goldman Sachs Group, Inc. (The) reaffirmed a “sell” rating and issued a GBX 205 ($2.59) target price on shares of J Sainsbury plc in a research note on Wednesday, April 12th. Deutsche Bank AG reaffirmed a “hold” rating and issued a GBX 300 ($3.80) target price on shares of J Sainsbury plc in a research note on Wednesday, May 10th. Finally, BNP Paribas raised their target price on J Sainsbury plc from GBX 255 ($3.23) to GBX 260 ($3.29) and gave the stock a “neutral” rating in a research note on Friday, March 17th. Three investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 258.77 ($3.27).

Analyst Recommendations for J Sainsbury plc (LON:SBRY)

Shares of J Sainsbury plc (SBRY) traded down 3.85% during midday trading on Thursday, reaching GBX 252.30. 35,982,898 shares of the company traded hands. J Sainsbury plc has a 1-year low of GBX 211.50 and a 1-year high of GBX 283.60. The firm’s market capitalization is GBX 5.51 billion. The stock has a 50 day moving average price of GBX 271.09 and a 200 day moving average price of GBX 261.74.

The firm also recently disclosed a dividend, which will be paid on Friday, July 7th. Investors of record on Thursday, May 11th will be given a dividend of GBX 6.60 ($0.08) per share. This represents a dividend yield of 2.36%. This is an increase from J Sainsbury plc’s previous dividend of $3.60. The ex-dividend date of this dividend is Thursday, May 11th.

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In other J Sainsbury plc news, insider Jean Tomlin acquired 3,100 shares of the business’s stock in a transaction that occurred on Thursday, May 11th. The stock was purchased at an average cost of GBX 265 ($3.35) per share, with a total value of £8,215 ($10,392.16). Also, insider Michael Andrew Coupe sold 86,095 shares of the firm’s stock in a transaction dated Thursday, May 4th. The stock was sold at an average price of GBX 259 ($3.28), for a total value of £222,986.05 ($282,082.29). Insiders have purchased a total of 25,112 shares of company stock valued at $6,676,690 over the last three months.

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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