J Sainsbury (LON:SBRY)‘s stock had its “sell” rating reiterated by Goldman Sachs Group in a note issued to investors on Tuesday. They currently have a GBX 220 ($2.96) target price on the grocer’s stock, up from their prior target price of GBX 205 ($2.76). Goldman Sachs Group’s price objective would suggest a potential downside of 10.21% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. Credit Suisse Group reissued an “outperform” rating and issued a GBX 320 ($4.31) target price on shares of J Sainsbury in a research report on Tuesday, August 29th. Shore Capital reissued a “buy” rating on shares of J Sainsbury in a research report on Tuesday, August 22nd. BNP Paribas reissued a “neutral” rating and issued a GBX 250 ($3.36) target price on shares of J Sainsbury in a research report on Wednesday, September 13th. reissued a “reduce” rating on shares of J Sainsbury in a research report on Wednesday, September 6th. Finally, Barclays decreased their target price on shares of J Sainsbury from GBX 260 ($3.50) to GBX 240 ($3.23) and set an “equal weight” rating on the stock in a research report on Friday, September 1st. Three analysts have rated the stock with a sell rating, six have assigned a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 267.23 ($3.60).

J Sainsbury (LON SBRY) traded up GBX 1.91 ($0.03) during trading on Tuesday, hitting GBX 245.01 ($3.30). 8,565,335 shares of the company’s stock traded hands, compared to its average volume of 10,110,000. J Sainsbury has a one year low of GBX 222.40 ($2.99) and a one year high of GBX 283.60 ($3.82).

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J Sainsbury 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 (LON:SBRY)

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