J Sainsbury Stock Rating Reaffirmed by Barclays Capital (SBRY)
J Sainsbury (LON: SBRY)‘s stock had its “overweight” rating reiterated by investment analysts at Barclays Capital in a note issued to investors on Wednesday. They currently have a $5.68 (380 GBX) target price on the stock.
Shares of J Sainsbury opened at 349.20 on Wednesday. J Sainsbury has a 52 week low of GBX 278.60 and a 52 week high of GBX 362.20. The stock’s 50-day moving average is currently GBX 344.5. The company’s market cap is £6.566 billion.
A number of other firms have also recently commented on SBRY. Analysts at Jefferies Group reiterated a “hold” rating on shares of J Sainsbury in a research note to investors on Wednesday. They now have a $4.93 price target on the stock. Separately, analysts at Morgan Stanley reiterated an “overweight” rating on shares of J Sainsbury in a research note to investors on Tuesday. They now have a $5.97 price target on the stock. Finally, analysts at BNP Paribas reiterated an “underperform” rating on shares of J Sainsbury in a research note to investors on Monday. They now have a $4.85 price target on the stock.
J Sainsbury plc is engaged in grocery and related retailing. The Company is organized into three segments: Retailing (Supermarkets and Convenience); Financial services (Sainsbury’s Bank joint venture), and Property investments (The British Land Company PLC joint venture and Land Securities PLC joint venture).
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