J Sainsbury (SBRY) Rating Reiterated by Goldman Sachs Group
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 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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