Analysts Set J Sainsbury plc (SBRY) Target Price at $269.23
Shares of J Sainsbury plc (LON:SBRY) have been assigned a consensus rating of “Hold” from the fifteen ratings firms that are currently covering the stock, MarketBeat reports. Three equities research analysts have rated the stock with a sell rating, eight have given a hold rating and four have assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 269.23 ($3.51).
A number of brokerages recently issued reports on SBRY. Deutsche Bank AG restated a “hold” rating and set a GBX 300 ($3.91) price target on shares of J Sainsbury plc in a report on Tuesday, August 1st. HSBC Holdings plc restated a “reduce” rating and set a GBX 200 ($2.60) price target on shares of J Sainsbury plc in a report on Wednesday, July 26th. J P Morgan Chase & Co reiterated an “underweight” rating and set a GBX 200 ($2.60) target price on shares of J Sainsbury plc in a report on Wednesday, July 5th. Shore Capital reiterated a “buy” rating on shares of J Sainsbury plc in a report on Monday, July 3rd. Finally, Goldman Sachs Group, Inc. (The) reduced their target price on J Sainsbury plc from GBX 205 ($2.67) to GBX 200 ($2.60) and set a “sell” rating on the stock in a report on Monday, July 3rd.
J Sainsbury plc (LON SBRY) traded down 1.52% during midday trading on Friday, reaching GBX 246.20. The company had a trading volume of 8,945,593 shares. The stock’s market capitalization is GBX 5.38 billion. The company has a 50-day moving average price of GBX 249.57 and a 200-day moving average price of GBX 262.29. J Sainsbury plc has a one year low of GBX 222.50 and a one year high of GBX 283.60.
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In related news, insider John Rogers bought 21,839 shares of the firm’s stock in a transaction that occurred on Tuesday, May 16th. The shares were bought at an average cost of GBX 266 ($3.46) per share, with a total value of £58,091.74 ($75,650.14). Also, insider Jean Tomlin bought 3,100 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was bought at an average cost of GBX 265 ($3.45) per share, for a total transaction of £8,215 ($10,698.01). Insiders have bought a total of 25,072 shares of company stock worth $6,665,245 over the last three months.
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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