J Sainsbury plc (SBRY) Rating Reiterated by Credit Suisse Group
J Sainsbury plc (LON:SBRY)‘s stock had its “outperform” rating reissued by equities research analysts at Credit Suisse Group in a research note issued on Friday. They currently have a GBX 295 ($3.92) price target on the grocer’s stock. Credit Suisse Group’s price target indicates a potential upside of 19.10% from the company’s previous close.
A number of other brokerages have also weighed in on SBRY. Deutsche Bank AG reissued a “hold” rating and issued a GBX 300 ($3.99) price target on shares of J Sainsbury plc in a report on Thursday, September 28th. Shore Capital reissued a “buy” rating on shares of J Sainsbury plc in a report on Wednesday. J P Morgan Chase & Co reissued an “underweight” rating and issued a GBX 200 ($2.66) price target on shares of J Sainsbury plc in a report on Wednesday, July 5th. Citigroup Inc. reissued a “buy” rating and issued a GBX 305 ($4.05) price target on shares of J Sainsbury plc in a report on Wednesday, September 20th. Finally, HSBC Holdings plc reissued a “reduce” rating and issued a GBX 200 ($2.66) price target on shares of J Sainsbury plc in a report on Wednesday, July 26th. Three equities research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of GBX 266.93 ($3.55).
Shares of J Sainsbury plc (LON:SBRY) traded up 0.53% during trading on Friday, reaching GBX 247.70. The company’s stock had a trading volume of 7,872,869 shares. J Sainsbury plc has a 12 month low of GBX 224.10 and a 12 month high of GBX 283.60. The company’s 50-day moving average is GBX 239.62 and its 200-day moving average is GBX 252.78. The company’s market capitalization is GBX 5.41 billion.
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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