J Sainsbury plc (SBRY) Receives “Buy” Rating from Deutsche Bank AG
Deutsche Bank AG reiterated their buy rating on shares of J Sainsbury plc (LON:SBRY) in a research report sent to investors on Thursday morning. Deutsche Bank AG currently has a GBX 280 ($3.65) price objective on the grocer’s stock.
Several other research firms have also recently commented on SBRY. Societe Generale reiterated a hold rating on shares of J Sainsbury plc in a research note on Tuesday, June 28th. BNP Paribas reiterated an outperform rating and set a GBX 260 ($3.39) target price on shares of J Sainsbury plc in a research note on Monday, June 27th. Barclays PLC reiterated an equal weight rating and set a GBX 270 ($3.52) target price on shares of J Sainsbury plc in a research note on Wednesday, September 14th. Shore Capital reiterated a hold rating on shares of J Sainsbury plc in a research note on Wednesday, June 8th. Finally, HSBC reiterated a reduce rating and set a GBX 175 ($2.28) target price on shares of J Sainsbury plc in a research note on Thursday, June 30th. Five analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have given a buy rating to the company. J Sainsbury plc presently has an average rating of Hold and an average price target of GBX 253.69 ($3.31).
J Sainsbury plc (LON:SBRY) opened at 242.20 on Thursday. J Sainsbury plc has a 52 week low of GBX 211.50 and a 52 week high of GBX 294.40. The stock has a 50 day moving average of GBX 242.16 and a 200-day moving average of GBX 252.03. The stock’s market cap is GBX 4.64 billion.
In other news, insider Cassin ,Brian bought 25,000 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were bought at an average cost of GBX 222 ($2.90) per share, with a total value of £55,500 ($72,444.85). Also, insider Harris,Mary bought 13,119 shares of the stock in a transaction dated Thursday, July 28th. The shares were purchased at an average cost 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).
Receive News & Stock Ratings for J Sainsbury plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J Sainsbury plc and related stocks with our FREE daily email newsletter.