J Sainsbury plc’s (SBRY) “Sell” Rating Reaffirmed at Goldman Sachs Group, Inc. (The)
Goldman Sachs Group, Inc. (The) reissued their sell rating on shares of J Sainsbury plc (LON:SBRY) in a research note released on Thursday morning. They currently have a GBX 200 ($2.43) target price on the grocer’s stock.
Several other brokerages have also recently weighed in on SBRY. Barclays PLC reaffirmed an equal weight rating and set a GBX 260 ($3.16) price target on shares of J Sainsbury plc in a research note on Wednesday, November 16th. BNP Paribas reaffirmed an outperform rating and set a GBX 255 ($3.10) price target on shares of J Sainsbury plc in a research note on Tuesday, January 3rd. Shore Capital reissued a buy rating on shares of J Sainsbury plc in a research note on Wednesday, November 9th. Citigroup Inc. reissued a neutral rating and issued a GBX 260 ($3.16) target price on shares of J Sainsbury plc in a research note on Friday, January 6th. Finally, Deutsche Bank AG reissued 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. Three analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of GBX 257.13 ($3.13).
Shares of J Sainsbury plc (LON:SBRY) traded up 1.85% during midday trading on Thursday, reaching GBX 264.60. 11,635,318 shares of the company’s stock traded hands. The stock’s market cap is GBX 5.17 billion. J Sainsbury plc has a 52-week low of GBX 211.50 and a 52-week high of GBX 294.40. The stock has a 50 day moving average of GBX 242.97 and a 200-day moving average of GBX 238.99.
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The business also recently declared a dividend, which was paid on Wednesday, January 4th. Investors of record on Thursday, November 17th were paid a GBX 3.60 ($0.04) dividend. This represents a yield of 1.51%. The ex-dividend date of this dividend was Thursday, November 17th.
In related news, insider Ed Barker sold 21,894 shares of the business’s stock in a transaction dated Tuesday, November 22nd. The stock was sold at an average price of GBX 237 ($2.88), for a total value of £51,888.78 ($63,102.01).
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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