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).

Analyst Recommendations for J Sainsbury plc (LON:SBRY)

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