J Sainsbury plc (SBRY) Earns Reduce Rating from HSBC Holdings plc
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).
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