J Sainsbury plc (SBRY) Stock Rating Reaffirmed by Deutsche Bank AG
J Sainsbury plc (LON:SBRY)‘s stock had its “buy” rating restated by equities research analysts at Deutsche Bank AG in a report issued on Thursday.
Other research analysts have also issued research reports about the company. BNP Paribas reiterated an “outperform” rating and issued a GBX 260 ($3.22) price target on shares of J Sainsbury plc in a report on Friday, August 5th. Barclays PLC reissued an “equal weight” rating and issued a GBX 270 ($3.34) price objective on shares of J Sainsbury plc in a research note on Friday, October 28th. Credit Suisse Group AG increased 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 research note on Monday, September 26th. Jefferies Group reissued a “hold” rating and issued a GBX 250 ($3.10) price objective on shares of J Sainsbury plc in a research note on Friday, November 4th. Finally, Beaufort Securities reissued a “hold” rating on shares of J Sainsbury plc in a research note on Thursday, September 29th. Five analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. J Sainsbury plc 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 235.20 on Thursday. The company’s market capitalization is GBX 4.75 billion. The company has a 50-day moving average price of GBX 243.54 and a 200 day moving average price of GBX 243.88. J Sainsbury plc has a 1-year low of GBX 211.50 and a 1-year high of GBX 294.40.
The company also recently declared a dividend, which will be paid on Wednesday, January 4th. Shareholders of record on Thursday, November 17th will be given a dividend of GBX 3.60 ($0.04) per share. The ex-dividend date of this dividend is Thursday, November 17th. This represents a yield of 1.51%.
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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