Shore Capital Reiterates “Under Review” Rating for J Sainsbury plc (SBRY)
Several other equities research analysts also recently commented on the stock. Deutsche Bank AG reiterated a buy rating on shares of J Sainsbury plc in a research note on Wednesday, July 27th. Goldman Sachs Group Inc. restated a sell rating and set a GBX 178 ($2.32) target price on shares of J Sainsbury plc in a research report on Monday, June 27th. Societe Generale restated a hold rating on shares of J Sainsbury plc in a research report on Tuesday, June 28th. BNP Paribas restated an outperform rating and set a GBX 260 ($3.39) target price on shares of J Sainsbury plc in a research report on Friday, August 5th. Finally, Beaufort Securities restated a hold rating on shares of J Sainsbury plc in a research report on Thursday, June 9th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of GBX 253.69 ($3.31).
Shares of J Sainsbury plc (LON:SBRY) opened at 248.10 on Wednesday. The firm has a 50-day moving average price of GBX 242.92 and a 200-day moving average price of GBX 251.29. J Sainsbury plc has a 52 week low of GBX 211.50 and a 52 week high of GBX 294.40. The stock’s market cap is GBX 4.75 billion.
In other news, insider Cassin ,Brian bought 25,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were bought at an average cost of GBX 222 ($2.90) per share, for a total transaction of £55,500 ($72,444.85). Also, insider Harris,Mary bought 13,119 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was purchased at an average price of GBX 227 ($2.96) per share, for a total transaction of £29,780.13 ($38,872.38).
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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