Shore Capital Reiterates “Under Review” Rating for J Sainsbury plc (SBRY)
J Sainsbury plc (LON:SBRY)‘s stock had its “under review” rating reissued by analysts at Shore Capital in a report released on Wednesday.
Several other research firms have also recently weighed in on SBRY. Societe Generale reissued a “hold” rating on shares of J Sainsbury plc in a research note on Tuesday, June 28th. Deutsche Bank AG reissued a “buy” rating and issued a GBX 325 ($4.24) price target on shares of J Sainsbury plc in a research note on Tuesday, May 31st. BNP Paribas reissued an “outperform” rating and issued a GBX 260 ($3.39) price target on shares of J Sainsbury plc in a research note on Monday, June 27th. Barclays PLC reissued an “equal weight” rating and issued a GBX 270 ($3.52) price target on shares of J Sainsbury plc in a research note on Wednesday, September 14th. Finally, HSBC reissued a “reduce” rating and issued a GBX 175 ($2.28) price target on shares of J Sainsbury plc in a research note on Thursday, June 30th. Five investment analysts have rated the stock with a sell rating, nine have given a hold rating and five have assigned 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).
J Sainsbury plc (LON:SBRY) opened at 239.285 on Wednesday. J Sainsbury plc has a 52 week low of GBX 211.50 and a 52 week high of GBX 294.40. 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 cap is GBX 4.59 billion.
In other J Sainsbury plc news, insider Harris,Mary acquired 13,119 shares of the stock in a transaction on Thursday, July 28th. The shares were bought at an average cost of GBX 227 ($2.96) per share, with a total value of £29,780.13 ($38,872.38). Also, insider Tyler,David A acquired 25,000 shares of the stock in a transaction on Friday, July 29th. The shares were acquired at an average cost of GBX 223 ($2.91) per share, for a total transaction of £55,750 ($72,771.18).
J Sainsbury plc Company Profile
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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