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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About J Sainsbury

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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