J Sainsbury plc (SBRY) Rating Reiterated by BNP Paribas
J Sainsbury plc (LON:SBRY)‘s stock had its “outperform” rating reissued by stock analysts at BNP Paribas in a research note issued to investors on Friday. They currently have a GBX 265 ($3.46) price objective on the grocer’s stock. BNP Paribas’ price objective would indicate a potential upside of 8.21% from the company’s current price.
SBRY has been the topic of a number of other research reports. Deutsche Bank AG restated a “buy” rating and issued a GBX 280 ($3.65) target price on shares of J Sainsbury plc in a research note on Wednesday, August 24th. Barclays PLC restated an “equal weight” rating and issued a GBX 270 ($3.52) target price on shares of J Sainsbury plc in a research note on Wednesday, September 21st. Jefferies Group cut their target price on J Sainsbury plc from GBX 280 ($3.65) to GBX 250 ($3.26) and set a “hold” rating on the stock in a research note on Monday, September 26th. Citigroup Inc. restated a “neutral” rating on shares of J Sainsbury plc in a research note on Wednesday, August 31st. Finally, Societe Generale restated a “hold” rating on shares of J Sainsbury plc in a research note on Tuesday, June 28th. Five investment 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’s stock. The company currently 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 238.80 on Friday. J Sainsbury plc has a 12 month low of GBX 211.50 and a 12 month high of GBX 294.40. The company’s 50-day moving average price is GBX 243.81 and its 200-day moving average price is GBX 250.91. The firm’s market cap is GBX 4.58 billion.
In other J Sainsbury plc news, insider Tyler,David A purchased 25,000 shares of the business’s 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 the business’s stock in a transaction on Thursday, July 28th. The shares were acquired 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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