J Sainsbury plc (SBRY) Given Reduce Rating at HSBC
HSBC reaffirmed their reduce rating on shares of J Sainsbury plc (LON:SBRY) in a research report report published on Thursday morning. They currently have a GBX 185 ($2.41) price objective on the grocer’s stock.
Other analysts have also recently issued research reports about the company. Deutsche Bank AG reaffirmed a buy rating and issued a GBX 280 ($3.65) price target on shares of J Sainsbury plc in a report on Thursday. BNP Paribas reaffirmed an outperform rating and issued a GBX 260 ($3.39) price target on shares of J Sainsbury plc in a research note on Friday, August 5th. Credit Suisse Group AG reaffirmed an outperform rating and issued a GBX 290 ($3.79) price target on shares of J Sainsbury plc in a research note on Thursday, June 9th. Beaufort Securities reaffirmed a hold rating on shares of J Sainsbury plc in a research note on Thursday, June 9th. Finally, Barclays PLC reaffirmed an equal weight rating and issued a GBX 250 ($3.26) price target on shares of J Sainsbury plc in a research note on Wednesday, June 1st. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the stock. J Sainsbury plc presently has a consensus rating of Hold and an average price target of GBX 253.69 ($3.31).
Shares of J Sainsbury plc (LON:SBRY) opened at 242.20 on Thursday. The company has a 50 day moving average of GBX 242.16 and a 200-day moving average of GBX 252.03. The company’s market capitalization is GBX 4.64 billion. J Sainsbury plc has a 12-month low of GBX 211.50 and a 12-month high of GBX 294.40.
In related news, insider Harris,Mary acquired 13,119 shares of the firm’s stock in a transaction on Thursday, July 28th. The shares were acquired at an average cost of GBX 227 ($2.96) per share, for a total transaction of £29,780.13 ($38,872.38). Also, insider Tyler,David A acquired 25,000 shares of the firm’s stock in a transaction on Friday, July 29th. The shares were bought at an average price of GBX 223 ($2.91) per share, for a total transaction of £55,750 ($72,771.18).
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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