J Sainsbury plc (SBRY) Given Hold Rating at Beaufort Securities
SBRY has been the subject of a number of other reports. Barclays PLC restated an equal weight rating and issued a GBX 270 ($3.52) price objective on shares of J Sainsbury plc in a report on Wednesday, September 21st. HSBC restated a reduce rating and issued a GBX 200 ($2.61) price objective on shares of J Sainsbury plc in a report on Wednesday, June 1st. Goldman Sachs Group Inc. restated a sell rating and issued a GBX 178 ($2.32) price objective on shares of J Sainsbury plc in a report on Monday, June 27th. Citigroup Inc. restated a neutral rating on shares of J Sainsbury plc in a report on Wednesday, June 1st. Finally, Jefferies Group restated a hold rating and issued a GBX 280 ($3.65) price objective on shares of J Sainsbury plc in a report on Wednesday, June 1st. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of GBX 253.69 ($3.31).
J Sainsbury plc (LON:SBRY) opened at 241.90 on Thursday. J Sainsbury plc has a 1-year low of GBX 211.50 and a 1-year high of GBX 294.40. The company’s market cap is GBX 4.64 billion. The stock’s 50 day moving average is GBX 242.16 and its 200 day moving average is GBX 252.03.
In other J Sainsbury plc news, insider Tyler,David A acquired 25,000 shares of the stock in a transaction dated Friday, July 29th. The shares were purchased at an average price of GBX 223 ($2.91) per share, for a total transaction of £55,750 ($72,771.18). Also, insider Harris,Mary acquired 13,119 shares of the stock in a transaction dated Thursday, July 28th. The stock was acquired at an average price of GBX 227 ($2.96) per share, for a total transaction of £29,780.13 ($38,872.38).
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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