J Sainsbury plc (SBRY) Rating Reiterated by BNP Paribas
J Sainsbury plc (LON:SBRY)‘s stock had its “outperform” rating reaffirmed by analysts at BNP Paribas in a research report issued to clients and investors on Friday. They currently have a GBX 265 ($3.46) price objective on the grocer’s stock. BNP Paribas’ target price indicates a potential upside of 8.21% from the company’s current price.
Several other equities research analysts have also recently issued reports on the stock. Beaufort Securities reissued a “hold” rating on shares of J Sainsbury plc in a research report on Thursday, September 29th. HSBC reaffirmed a “reduce” rating and issued a GBX 185 ($2.41) price target on shares of J Sainsbury plc in a research report on Thursday, September 29th. 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 report on Thursday, September 29th. Shore Capital reaffirmed an “under review” rating on shares of J Sainsbury plc in a research report on Wednesday, September 28th. Finally, Credit Suisse Group AG upped their price target on shares of J Sainsbury plc from GBX 290 ($3.79) to GBX 315 ($4.11) and gave the stock an “outperform” rating in a research report on Monday, September 26th. Five research analysts have rated the stock with a sell rating, nine have given a hold rating and five have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of GBX 253.69 ($3.31).
Shares of J Sainsbury plc (LON:SBRY) opened at 238.80 on Friday. The company has a 50-day moving average of GBX 243.81 and a 200 day moving average of GBX 250.91. The stock’s market cap is GBX 4.58 billion. J Sainsbury plc has a one year low of GBX 211.50 and a one year high of GBX 294.40.
In other news, insider Harris,Mary purchased 13,119 shares of the stock in a transaction that occurred on Thursday, July 28th. The shares were 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 Cassin ,Brian purchased 25,000 shares of the stock in a transaction that occurred on Wednesday, August 3rd. The shares were purchased at an average cost of GBX 222 ($2.90) per share, for a total transaction of £55,500 ($72,444.85).
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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