HSBC Reaffirms “Reduce” Rating for J Sainsbury (SBRY)
J Sainsbury (LON:SBRY)‘s stock had its “reduce” rating reiterated by stock analysts at HSBC in a research note issued on Thursday.
SBRY has been the topic of several other research reports. Shore Capital reiterated a “hold” rating on shares of J Sainsbury in a report on Wednesday, December 12th. UBS Group reiterated a “buy” rating on shares of J Sainsbury in a report on Wednesday, November 14th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a GBX 260 ($3.40) price target on shares of J Sainsbury in a report on Friday, November 9th. Berenberg Bank reiterated a “buy” rating and issued a GBX 369 ($4.82) price target on shares of J Sainsbury in a report on Monday, November 19th. Finally, Sanford C. Bernstein reiterated a “market perform” rating on shares of J Sainsbury in a report on Tuesday, November 13th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company’s stock. J Sainsbury presently has a consensus rating of “Hold” and a consensus target price of GBX 310.75 ($4.06).
LON:SBRY opened at GBX 275.80 ($3.60) on Thursday. J Sainsbury has a twelve month low of GBX 222.40 ($2.91) and a twelve month high of GBX 339.89 ($4.44).
J Sainsbury Company Profile
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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