Shore Capital Reiterates Buy Rating for J Sainsbury plc (SBRY)
J Sainsbury plc (LON:SBRY)‘s stock had its “buy” rating reaffirmed by investment analysts at Shore Capital in a research note issued on Wednesday.
Other equities research analysts also recently issued reports about the company. Deutsche Bank AG restated a “buy” rating on shares of J Sainsbury plc in a report on Wednesday, July 27th. BNP Paribas restated an “outperform” rating and set a GBX 260 ($3.22) price objective on shares of J Sainsbury plc in a report on Friday, August 5th. Barclays PLC restated an “equal weight” rating and set a GBX 270 ($3.34) price objective on shares of J Sainsbury plc in a report on Friday, October 28th. Credit Suisse Group AG lifted their price objective on J Sainsbury plc from GBX 290 ($3.59) to GBX 315 ($3.90) and gave the stock an “outperform” rating in a report on Monday, September 26th. Finally, Jefferies Group restated a “hold” rating and set a GBX 250 ($3.10) price objective on shares of J Sainsbury plc in a report on Friday, November 4th. Five equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of GBX 254.13 ($3.15).
Shares of J Sainsbury plc (LON:SBRY) opened at 234.70 on Wednesday. The firm’s market capitalization is GBX 4.50 billion. The company’s 50 day moving average price is GBX 243.93 and its 200 day moving average price is GBX 243.94. J Sainsbury plc has a one year low of GBX 211.50 and a one year high of GBX 294.40.
The firm also recently declared a dividend, which will be paid on Wednesday, January 4th. Investors of record on Thursday, November 17th will be given a dividend of GBX 3.60 ($0.04) per share. This represents a yield of 1.51%. The ex-dividend date is Thursday, November 17th.
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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