J Sainsbury plc’s (SBRY) “Neutral” Rating Reaffirmed at BNP Paribas
BNP Paribas reaffirmed their neutral rating on shares of J Sainsbury plc (LON:SBRY) in a research report released on Wednesday morning. They currently have a GBX 250 ($3.23) price target on the grocer’s stock.
A number of other research analysts also recently weighed in on SBRY. HSBC Holdings plc reissued a reduce rating on shares of J Sainsbury plc in a research report on Wednesday, September 6th. Shore Capital reissued a buy rating on shares of J Sainsbury plc in a research report on Tuesday, August 22nd. Barclays PLC reduced their target price on shares of J Sainsbury plc from GBX 260 ($3.36) to GBX 240 ($3.10) and set an equal weight rating for the company in a research report on Friday, September 1st. Deutsche Bank AG reaffirmed a hold rating and issued a GBX 300 ($3.87) price objective on shares of J Sainsbury plc in a report on Wednesday, July 26th. Finally, Goldman Sachs Group, Inc. (The) cut their price objective on shares of J Sainsbury plc from GBX 205 ($2.65) to GBX 200 ($2.58) and set a sell rating for the company in a report on Monday, July 3rd. Three analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. J Sainsbury plc currently has a consensus rating of Hold and a consensus target price of GBX 266.36 ($3.44).
J Sainsbury plc (SBRY) traded up 0.33% during midday trading on Wednesday, hitting GBX 240.40. 9,237,365 shares of the stock were exchanged. J Sainsbury plc has a 1-year low of GBX 224.10 and a 1-year high of GBX 283.60. The firm’s market capitalization is GBX 5.25 billion. The firm’s 50-day moving average price is GBX 240.95 and its 200 day moving average price is GBX 257.55.
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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