J Sainsbury plc (SBRY) Earns Equal Weight Rating from Barclays PLC
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).
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.
TRADEMARK VIOLATION WARNING: This report was originally published by American Banking News and is owned by of American Banking News. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://www.americanbankingnews.com/2017/06/17/j-sainsbury-plc-sbry-earns-equal-weight-rating-from-barclays-plc.html.
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).
Receive News & Ratings for J Sainsbury plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J Sainsbury plc and related companies with MarketBeat.com's FREE daily email newsletter.