J Sainsbury plc (LON:SBRY)‘s stock had its “reduce” rating reiterated by equities researchers at HSBC Holdings plc in a report issued on Wednesday.

SBRY has been the subject of a number of other reports. Credit Suisse Group raised their price objective on shares of J Sainsbury plc from GBX 300 ($3.87) to GBX 320 ($4.13) and gave the stock an “outperform” rating in a research note on Friday, May 26th. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 300 ($3.87) price target on shares of J Sainsbury plc in a report on Wednesday, June 7th. Shore Capital reiterated a “buy” rating on shares of J Sainsbury plc in a report on Wednesday, May 17th. Barclays PLC reiterated an “equal weight” rating and issued a GBX 260 ($3.36) price target on shares of J Sainsbury plc in a report on Thursday, June 15th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a GBX 305 ($3.94) price target on shares of J Sainsbury plc in a report on Tuesday, June 20th. Three investment analysts have rated the stock with a sell rating, eight have given a hold rating and four have given a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 267.07 ($3.45).

J Sainsbury plc (SBRY) traded down 0.97% during midday trading on Wednesday, reaching GBX 234.90. The company’s stock had a trading volume of 4,764,099 shares. The firm’s market capitalization is GBX 5.13 billion. The company’s 50-day moving average is GBX 241.71 and its 200 day moving average is GBX 258.27. J Sainsbury plc has a 52 week low of GBX 224.10 and a 52 week high of GBX 283.60.

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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).

Analyst Recommendations for J Sainsbury plc (LON:SBRY)

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