J Sainsbury plc’s (SBRY) “Outperform” Rating Reaffirmed at BNP Paribas
BNP Paribas reiterated their outperform rating on shares of J Sainsbury plc (LON:SBRY) in a research report sent to investors on Monday. They currently have a GBX 265 ($3.23) price target on the grocer’s stock.
A number of other equities research analysts also recently weighed in on the stock. Beaufort Securities reaffirmed a hold rating on shares of J Sainsbury plc in a research note on Thursday, September 29th. HSBC reaffirmed a reduce rating and issued a GBX 185 ($2.25) target price on shares of J Sainsbury plc in a research note on Thursday, September 29th. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 280 ($3.41) target price on shares of J Sainsbury plc in a research note on Thursday, September 29th. Shore Capital reaffirmed an under review rating on shares of J Sainsbury plc in a research note on Wednesday, September 28th. Finally, Credit Suisse Group AG raised their target price on shares of J Sainsbury plc from GBX 290 ($3.53) to GBX 315 ($3.84) and gave the company an outperform rating in a research note on Monday, September 26th. Five equities research analysts have rated the stock with a sell rating, nine have given a hold rating and five have issued a buy rating to the stock. The stock presently has a consensus rating of Hold and a consensus price target of GBX 253.69 ($3.09).
J Sainsbury plc (LON:SBRY) opened at 233.65 on Monday. J Sainsbury plc has a 52-week low of GBX 211.50 and a 52-week high of GBX 294.40. The firm’s market cap is GBX 4.48 billion. The company’s 50 day moving average is GBX 242.01 and its 200-day moving average is GBX 248.66.
In other J Sainsbury plc news, insider Harris,Mary bought 13,119 shares of the firm’s stock in a transaction on Thursday, July 28th. The stock was acquired at an average price of GBX 227 ($2.77) per share, with a total value of £29,780.13 ($36,295.10). Also, insider Cassin ,Brian bought 25,000 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was acquired at an average cost of GBX 222 ($2.71) per share, with a total value of £55,500 ($67,641.68).
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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