J Sainsbury plc’s (SBRY) Hold Rating Reaffirmed at Deutsche Bank AG
Deutsche Bank AG restated their hold rating on shares of J Sainsbury plc (LON:SBRY) in a research note published on Thursday morning. They currently have a GBX 300 ($3.95) target price on the grocer’s stock.
SBRY has been the subject of a number of other research reports. reissued a reduce rating and set a GBX 200 ($2.63) target price on shares of J Sainsbury plc in a research note on Monday. J P Morgan Chase & Co reissued an underweight rating and set a GBX 200 ($2.63) target price on shares of J Sainsbury plc in a research note on Friday, November 10th. Jefferies Group LLC reissued a hold rating and set a GBX 250 ($3.29) target price on shares of J Sainsbury plc in a research note on Friday, November 10th. Shore Capital reissued a buy rating on shares of J Sainsbury plc in a research note on Wednesday, October 18th. Finally, BNP Paribas reissued a neutral rating and set a GBX 250 ($3.29) target price on shares of J Sainsbury plc in a research note on Wednesday, September 13th. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating and five have issued a buy rating to the stock. J Sainsbury plc has a consensus rating of Hold and a consensus target price of GBX 267.43 ($3.52).
J Sainsbury plc (LON:SBRY) traded down GBX 1.50 ($0.02) during midday trading on Thursday, reaching GBX 227.60 ($2.99). 6,748,576 shares of the company’s stock traded hands, compared to its average volume of 8,930,000. J Sainsbury plc has a 12-month low of GBX 224.10 ($2.95) and a 12-month high of GBX 283.60 ($3.73).
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The company also recently announced a dividend, which will be paid on Tuesday, January 2nd. Investors of record on Thursday, November 16th will be issued a GBX 3.10 ($0.04) dividend. The ex-dividend date is Thursday, November 16th. This represents a yield of 1.34%.
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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