J Sainsbury plc (SBRY) Stock Rating Reaffirmed by BNP Paribas
J Sainsbury plc (LON:SBRY)‘s stock had its “outperform” rating reissued by analysts at BNP Paribas in a research report issued to clients and investors on Monday. They currently have a GBX 265 ($3.28) target price on the grocer’s stock. BNP Paribas’ target price points to a potential upside of 13.00% from the stock’s current price.
SBRY has been the subject of several other research reports. Deutsche Bank AG reissued a “buy” rating and set a GBX 280 ($3.47) price objective on shares of J Sainsbury plc in a research note on Wednesday, August 24th. Barclays PLC reissued an “equal weight” rating and set a GBX 270 ($3.34) price objective on shares of J Sainsbury plc in a research note on Wednesday, September 21st. Jefferies Group dropped their price objective on J Sainsbury plc from GBX 280 ($3.47) to GBX 250 ($3.09) and set a “hold” rating for the company in a research note on Monday, September 26th. Citigroup Inc. reissued a “neutral” rating on shares of J Sainsbury plc in a research note on Wednesday, August 31st. Finally, Societe Generale reissued a “hold” rating on shares of J Sainsbury plc in a research note on Tuesday, June 28th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have given a buy rating to the company. J Sainsbury plc currently has an average rating of “Hold” and a consensus price target of GBX 253.69 ($3.14).
Shares of J Sainsbury plc (LON:SBRY) opened at 230.255 on Monday. The company’s market cap is GBX 4.41 billion. 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 242.34 and its 200 day moving average price is GBX 249.34.
In other J Sainsbury plc news, insider Cassin ,Brian purchased 25,000 shares of J Sainsbury plc stock in a transaction that occurred on Wednesday, August 3rd. The shares were bought at an average price of GBX 222 ($2.75) per share, for a total transaction of £55,500 ($68,688.12). Also, insider Harris,Mary purchased 13,119 shares of J Sainsbury plc stock in a transaction that occurred on Thursday, July 28th. The shares were acquired at an average price of GBX 227 ($2.81) per share, for a total transaction of £29,780.13 ($36,856.60).
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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