J Sainsbury’s (SBRY) “Equal weight” Rating Reaffirmed at Barclays
J Sainsbury (LON:SBRY)‘s stock had its “equal weight” rating restated by Barclays in a research note issued on Friday. They presently have a GBX 240 ($3.25) price target on the grocer’s stock. Barclays’ price objective would suggest a potential downside of 5.03% from the stock’s previous close.
Other analysts also recently issued reports about the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 200 ($2.71) price target on shares of J Sainsbury in a research report on Friday, November 10th. Credit Suisse Group cut their price target on shares of J Sainsbury from GBX 320 ($4.34) to GBX 295 ($4.00) and set an “outperform” rating on the stock in a research report on Monday, October 2nd. Deutsche Bank reiterated a “hold” rating and issued a GBX 300 ($4.07) price target on shares of J Sainsbury in a research report on Thursday, September 28th. Jefferies Group cut their price target on shares of J Sainsbury from GBX 260 ($3.53) to GBX 250 ($3.39) and set a “hold” rating on the stock in a research report on Monday, October 23rd. Finally, Berenberg Bank assumed coverage on shares of J Sainsbury in a research report on Tuesday, October 3rd. They issued a “buy” rating and a GBX 300 ($4.07) price target on the stock. Three investment analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus target price of GBX 261 ($3.54).
Shares of J Sainsbury (LON SBRY) traded up GBX 4.10 ($0.06) during trading hours on Friday, hitting GBX 252.70 ($3.43). 10,290,000 shares of the company were exchanged, compared to its average volume of 8,300,000. The firm has a market cap of $5,530.00 and a P/E ratio of 2,527.00. J Sainsbury has a 1-year low of GBX 222.40 ($3.02) and a 1-year high of GBX 339.89 ($4.61).
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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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