J Sainsbury plc (LON:SBRY) Stock Rating Reaffirmed by HSBC Holdings plc
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.
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).
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