J Sainsbury’s (SBRY) “Underweight” Rating Reaffirmed at JPMorgan Chase & Co.

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).

ILLEGAL ACTIVITY NOTICE: This piece was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was illegally stolen and reposted in violation of US & international copyright legislation. The original version of this piece can be accessed at https://www.americanbankingnews.com/2018/01/21/j-sainsburys-sbry-underweight-rating-reaffirmed-at-jpmorgan-chase-co.html.

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)

Receive News & Ratings for J Sainsbury Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J Sainsbury and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply