J Sainsbury (LON:SBRY)‘s stock had its “underweight” rating reiterated by analysts at JPMorgan Chase & Co. in a report released on Thursday. They currently have a GBX 200 ($2.71) price target on the grocer’s stock. JPMorgan Chase & Co.’s price objective suggests a potential downside of 22.48% from the company’s current price.
Other research analysts have also recently issued research reports about the company. Shore Capital reaffirmed a “buy” rating on shares of J Sainsbury in a research note on Wednesday, October 25th. Berenberg Bank started coverage on J Sainsbury in a research note on Tuesday, October 3rd. They set a “buy” rating and a GBX 300 ($4.07) target price on the stock. Citigroup reaffirmed a “buy” rating and set a GBX 305 ($4.14) target price on shares of J Sainsbury in a research note on Wednesday, September 20th. Barclays reaffirmed an “equal weight” rating and set a GBX 240 ($3.25) target price on shares of J Sainsbury in a research note on Friday, January 12th. Finally, Deutsche Bank reissued a “hold” rating on shares of J Sainsbury in a research note on Wednesday, October 18th. Three investment analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company’s stock. J Sainsbury currently has a consensus rating of “Hold” and an average price target of GBX 261 ($3.54).
J Sainsbury (SBRY) traded up GBX 0.30 ($0.00) on Thursday, hitting GBX 258 ($3.50). The stock had a trading volume of 12,610,511 shares, compared to its average volume of 7,920,000. The company has a market capitalization of $5,640.00 and a PE ratio of 2,580.00. 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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