J Sainsbury plc (LON:SBRY)‘s stock had its “reduce” rating reissued by stock analysts at HSBC Holdings plc in a research note issued to investors on Wednesday. They presently have a GBX 200 ($2.61) price target on the grocer’s stock. HSBC Holdings plc’s target price points to a potential downside of 18.40% from the company’s current price.

Several other research analysts also recently commented on the stock. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating and issued a GBX 205 ($2.67) target price on shares of J Sainsbury plc in a report on Wednesday, April 12th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 300 ($3.91) target price on shares of J Sainsbury plc in a report on Wednesday, May 10th. Citigroup Inc. reiterated a “buy” rating and issued a GBX 305 ($3.97) target price on shares of J Sainsbury plc in a report on Tuesday, June 20th. Shore Capital reiterated a “buy” rating on shares of J Sainsbury plc in a report on Wednesday, May 3rd. Finally, Barclays PLC reiterated an “equal weight” rating and issued a GBX 260 ($3.39) target price on shares of J Sainsbury plc in a report on Thursday, June 15th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. J Sainsbury plc presently has an average rating of “Hold” and a consensus target price of GBX 268.50 ($3.50).

Shares of J Sainsbury plc (SBRY) opened at 247.70 on Wednesday. The stock’s 50 day moving average price is GBX 255.88 and its 200 day moving average price is GBX 263.14. J Sainsbury plc has a 52 week low of GBX 220.14 and a 52 week high of GBX 283.60. The firm’s market capitalization is GBX 5.41 billion.

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In other news, insider Jean Tomlin purchased 3,100 shares of J Sainsbury plc stock in a transaction on Thursday, May 11th. The shares were purchased at an average cost of GBX 265 ($3.45) per share, for a total transaction of £8,215 ($10,702.19). Also, insider John Rogers purchased 21,839 shares of J Sainsbury plc stock in a transaction on Tuesday, May 16th. The stock was purchased at an average price of GBX 266 ($3.47) per share, for a total transaction of £58,091.74 ($75,679.70). Over the last 90 days, insiders acquired 25,072 shares of company stock worth $6,665,245.

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).

Analyst Recommendations for J Sainsbury plc (LON:SBRY)

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