J Sainsbury (LON:SBRY)‘s stock had its “buy” rating restated by research analysts at Shore Capital in a research report issued to clients and investors on Wednesday.
Several other equities analysts also recently commented on the stock. Credit Suisse Group downgraded shares of J Sainsbury to a “neutral” rating and dropped their price target for the stock from GBX 295 ($4.00) to GBX 275 ($3.73) in a research note on Monday, January 22nd. JPMorgan Chase & Co. restated an “underweight” rating and issued a GBX 200 ($2.71) price target on shares of J Sainsbury in a research note on Thursday, January 18th. Barclays restated an “equal weight” rating and issued a GBX 240 ($3.25) price target on shares of J Sainsbury in a research note on Friday, January 12th. Kepler Capital Markets reaffirmed a “hold” rating and set a GBX 252 ($3.42) price objective on shares of J Sainsbury in a research report on Thursday, January 11th. Finally, Deutsche Bank reaffirmed a “hold” rating on shares of J Sainsbury in a research report on Monday, January 8th. Three investment analysts have rated the stock with a sell rating, seven have given a hold rating and four have assigned a buy rating to the stock. J Sainsbury currently has a consensus rating of “Hold” and an average target price of GBX 259.33 ($3.52).
J Sainsbury (SBRY) traded up GBX 2.50 ($0.03) during mid-day trading on Wednesday, hitting GBX 261.10 ($3.54). 9,985,342 shares of the stock traded hands, compared to its average volume of 7,650,000. The stock has a market cap of $5,720.00 and a price-to-earnings ratio of 2,611.00. J Sainsbury has a 1 year low of GBX 222.40 ($3.02) and a 1 year high of GBX 339.89 ($4.61).
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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