J Sainsbury plc’s (SBRY) Outperform Rating Reiterated at BNP Paribas
BNP Paribas restated their outperform rating on shares of J Sainsbury plc (LON:SBRY) in a research note published on Tuesday. The brokerage currently has a GBX 265 ($3.46) price objective on the grocer’s stock.
A number of other research analysts have also weighed in on the stock. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 280 ($3.65) price target on shares of J Sainsbury plc in a research note on Wednesday, August 24th. Citigroup Inc. reaffirmed a neutral rating on shares of J Sainsbury plc in a research note on Wednesday, August 31st. Societe Generale reaffirmed a buy rating and issued a GBX 315 ($4.11) price target on shares of J Sainsbury plc in a research note on Wednesday, June 1st. Barclays PLC reaffirmed an equal weight rating and issued a GBX 270 ($3.52) price target on shares of J Sainsbury plc in a research note on Wednesday, September 14th. Finally, JPMorgan Chase & Co. reaffirmed an underweight rating and issued a GBX 200 ($2.61) price target on shares of J Sainsbury plc in a research note on Thursday, September 8th. Five investment analysts have rated the stock with a sell rating, ten have issued a hold rating and five have assigned a buy rating to the stock. The company has a consensus rating of Hold and an average price target of GBX 253.38 ($3.31).
Shares of J Sainsbury plc (LON:SBRY) opened at 250.20 on Tuesday. The company’s 50 day moving average is GBX 239.71 and its 200 day moving average is GBX 252.79. J Sainsbury plc has a 12-month low of GBX 211.50 and a 12-month high of GBX 294.40. The company’s market capitalization is GBX 4.79 billion.
In related news, insider Harris,Mary acquired 13,119 shares of J Sainsbury plc stock in a transaction on Thursday, July 28th. The stock was purchased at an average cost of GBX 227 ($2.96) per share, with a total value of £29,780.13 ($38,872.38). Also, insider Tyler,David A acquired 25,000 shares of J Sainsbury plc stock in a transaction on Friday, July 29th. The shares were bought at an average cost of GBX 223 ($2.91) per share, with a total value of £55,750 ($72,771.18).
J Sainsbury plc Company Profile
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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