J Sainsbury plc (SBRY) Receives “Outperform” Rating from BNP Paribas
BNP Paribas reaffirmed their outperform rating on shares of J Sainsbury plc (LON:SBRY) in a research report sent to investors on Thursday morning. The brokerage currently has a GBX 265 ($3.46) target price on the grocer’s stock.
SBRY has been the topic of several other reports. Barclays PLC reissued an equal weight rating and set a GBX 270 ($3.52) price target on shares of J Sainsbury plc in a research report on Wednesday, September 21st. HSBC reissued a reduce rating and set a GBX 200 ($2.61) price target on shares of J Sainsbury plc in a research report on Wednesday, June 1st. Beaufort Securities reissued a hold rating on shares of J Sainsbury plc in a research report on Thursday, June 9th. Goldman Sachs Group Inc. reaffirmed a sell rating and issued a GBX 178 ($2.32) target price on shares of J Sainsbury plc in a report on Monday, June 27th. Finally, Citigroup Inc. reaffirmed a neutral rating on shares of J Sainsbury plc in a report on Wednesday, June 1st. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The stock presently 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. The firm’s market capitalization is GBX 4.64 billion. The firm’s 50-day moving average is GBX 242.16 and its 200 day moving average is GBX 252.03. J Sainsbury plc has a 52-week low of GBX 211.50 and a 52-week high of GBX 294.40.
In related news, insider Tyler,David A purchased 25,000 shares of J Sainsbury plc stock in a transaction on Friday, July 29th. The stock was acquired at an average cost of GBX 223 ($2.91) per share, for a total transaction of £55,750 ($72,771.18). Also, insider Harris,Mary purchased 13,119 shares of J Sainsbury plc stock in a transaction on Thursday, July 28th. The stock was bought at an average price of GBX 227 ($2.96) per share, with a total value 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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