Berenberg Bank Reaffirms “Buy” Rating for J Sainsbury (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “buy” rating restated by analysts at Berenberg Bank in a report released on Monday. They currently have a GBX 369 ($4.82) price objective on the grocer’s stock. Berenberg Bank’s price objective would indicate a potential upside of 20.23% from the stock’s previous close.
A number of other equities research analysts have also recently weighed in on the stock. UBS Group reissued a “buy” rating on shares of J Sainsbury in a research report on Wednesday, November 14th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of J Sainsbury in a report on Tuesday, November 13th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a GBX 260 ($3.40) target price on shares of J Sainsbury in a report on Friday, November 9th. Kepler Capital Markets reaffirmed a “buy” rating on shares of J Sainsbury in a report on Thursday, November 8th. Finally, Citigroup reaffirmed a “buy” rating on shares of J Sainsbury in a report on Thursday, September 6th. Three research analysts have rated the stock with a sell rating, six have issued a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of GBX 310.69 ($4.06).
SBRY traded down GBX 8.90 ($0.12) on Monday, reaching GBX 306.90 ($4.01). The company had a trading volume of 4,892,296 shares, compared to its average volume of 9,310,000. J Sainsbury has a 1 year low of GBX 222.40 ($2.91) and a 1 year high of GBX 339.89 ($4.44).
About J Sainsbury
J Sainsbury plc, together with its subsidiaries, engages in the food, general merchandise and clothing retailing, and financial services activities in the United Kingdom. It operates through four segments: Retail Food; Retail General Merchandise and Clothing; Financial Services; and Property Investment.
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