J Sainsbury plc (SBRY) Given Average Recommendation of “Hold” by Analysts
Shares of J Sainsbury plc (LON:SBRY) have been given a consensus rating of “Hold” by the fifteen ratings firms that are presently covering the firm, Marketbeat reports. Three research analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is GBX 272.50 ($3.67).
A number of research firms have weighed in on SBRY. Credit Suisse Group restated an “outperform” rating and issued a GBX 320 ($4.31) price target on shares of J Sainsbury plc in a research note on Tuesday, August 29th. HSBC Holdings plc cut their price target on J Sainsbury plc from GBX 205 ($2.76) to GBX 200 ($2.70) and set a “reduce” rating on the stock in a research note on Tuesday, June 20th. Shore Capital restated a “buy” rating on shares of J Sainsbury plc in a research note on Tuesday, August 22nd. Deutsche Bank AG restated a “hold” rating and issued a GBX 300 ($4.04) price target on shares of J Sainsbury plc in a research note on Tuesday, August 1st. Finally, Barclays PLC cut their price target on J Sainsbury plc from GBX 260 ($3.51) to GBX 240 ($3.24) and set an “equal weight” rating on the stock in a research note on Friday, September 1st.
Shares of J Sainsbury plc (LON SBRY) traded down 0.43% during trading on Friday, reaching GBX 233.30. The company’s stock had a trading volume of 7,657,909 shares. The company’s market cap is GBX 5.09 billion. J Sainsbury plc has a 52 week low of GBX 224.10 and a 52 week high of GBX 283.60. The stock’s 50 day moving average price is GBX 240.22 and its 200 day moving average price is GBX 256.78.
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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