J Sainsbury plc (SBRY) Given “Buy” Rating at Deutsche Bank AG
Deutsche Bank AG reaffirmed their buy rating on shares of J Sainsbury plc (LON:SBRY) in a report published on Wednesday morning. They currently have a GBX 280 ($3.65) price objective on the grocer’s stock.
Several other research firms also recently commented on SBRY. Barclays PLC reissued an equal weight rating and set a GBX 270 ($3.52) target price on shares of J Sainsbury plc in a research report on Wednesday. HSBC reaffirmed a reduce rating and issued a GBX 200 ($2.61) price target on shares of J Sainsbury plc in a research report on Wednesday, June 1st. Beaufort Securities reaffirmed a hold rating on shares of J Sainsbury plc in a research report on Thursday, June 9th. Goldman Sachs Group Inc. reiterated a sell rating and issued a GBX 178 ($2.32) target price on shares of J Sainsbury plc in a research note on Monday, June 27th. Finally, Citigroup Inc. reiterated a neutral rating on shares of J Sainsbury plc in a research note on Wednesday, June 1st. Five analysts have rated the stock with a sell rating, ten have given a hold rating and five have given a buy rating to the stock. The stock has an average rating of Hold and an average price target of GBX 253.38 ($3.31).
J Sainsbury plc (LON:SBRY) opened at 251.20 on Wednesday. J Sainsbury plc has a 1-year low of GBX 211.50 and a 1-year high of GBX 294.40. The company has a 50 day moving average price of GBX 238.89 and a 200 day moving average price of GBX 252.79. The firm’s market cap is GBX 4.81 billion.
In other J Sainsbury plc news, insider Cassin ,Brian purchased 25,000 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were purchased at an average cost of GBX 222 ($2.90) per share, with a total value of £55,500 ($72,444.85). Also, insider Harris,Mary purchased 13,119 shares of the business’s stock in a transaction on Thursday, July 28th. The shares were acquired at an average cost of GBX 227 ($2.96) per share, for a total transaction of £29,780.13 ($38,872.38).
About J Sainsbury plc
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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