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.

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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).

Analyst Recommendations for J Sainsbury plc (LON:SBRY)

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