BNP Paribas Reaffirms “Neutral” Rating for J Sainsbury plc (SBRY)
J Sainsbury plc (LON:SBRY)‘s stock had its “neutral” rating reaffirmed by equities researchers at BNP Paribas in a research note issued to investors on Wednesday. They presently have a GBX 250 ($3.23) target price on the grocer’s stock. BNP Paribas’ price objective points to a potential upside of 4.34% from the stock’s previous close.
A number of other equities research analysts also recently issued reports on SBRY. Shore Capital reissued a “buy” rating on shares of J Sainsbury plc in a research report on Monday, July 3rd. Citigroup Inc. reissued a “buy” rating and set a GBX 305 ($3.94) price target on shares of J Sainsbury plc in a research report on Tuesday, June 20th. Barclays PLC reissued an “equal weight” rating and set a GBX 260 ($3.36) price target on shares of J Sainsbury plc in a research report on Thursday, June 15th. Deutsche Bank AG reissued a “hold” rating and set a GBX 300 ($3.87) price target on shares of J Sainsbury plc in a research report on Wednesday, July 5th. Finally, Credit Suisse Group boosted their price target on J Sainsbury plc from GBX 300 ($3.87) to GBX 320 ($4.13) and gave the company an “outperform” rating in a research report on Friday, May 26th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of GBX 266.36 ($3.44).
J Sainsbury plc (LON SBRY) traded up 0.21% during trading on Wednesday, reaching GBX 239.60. The company had a trading volume of 7,894,090 shares. J Sainsbury plc has a 12 month low of GBX 224.10 and a 12 month high of GBX 283.60. The firm’s 50 day moving average is GBX 241.06 and its 200-day moving average is GBX 257.55. The company’s market capitalization is GBX 5.23 billion.
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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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