J Sainsbury plc (SBRY) Given “Equal weight” Rating at Barclays PLC
J Sainsbury plc (LON:SBRY)‘s stock had its “equal weight” rating reiterated by stock analysts at Barclays PLC in a research report issued on Wednesday. They presently have a GBX 260 ($3.25) price objective on the grocer’s stock. Barclays PLC’s price objective points to a potential upside of 7.57% from the company’s previous close.
A number of other analysts also recently weighed in on the stock. BNP Paribas reaffirmed an “outperform” rating and issued a GBX 265 ($3.31) target price on shares of J Sainsbury plc in a research report on Friday, October 7th. Credit Suisse Group AG reaffirmed an “outperform” rating and issued a GBX 315 ($3.94) target price on shares of J Sainsbury plc in a research report on Monday, November 7th. Goldman Sachs Group Inc. raised shares of J Sainsbury plc to a “sell” rating and increased their price objective for the company from GBX 178 ($2.22) to GBX 195 ($2.44) in a research report on Wednesday, October 26th. Deutsche Bank AG reissued a “buy” rating on shares of J Sainsbury plc in a research report on Wednesday, July 27th. Finally, Shore Capital reissued a “buy” rating on shares of J Sainsbury plc in a research report on Wednesday, November 9th. Five research 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. The stock currently has an average rating of “Hold” and a consensus target price of GBX 254.13 ($3.17).
Shares of J Sainsbury plc (LON:SBRY) opened at 242.10 on Wednesday. The company’s market cap is GBX 4.73 billion. J Sainsbury plc has a 52-week low of GBX 211.50 and a 52-week high of GBX 294.40. The stock has a 50 day moving average of GBX 242.80 and a 200 day moving average of GBX 242.52.
The firm also recently announced a dividend, which will be paid on Wednesday, January 4th. Investors of record on Thursday, November 17th will be issued a GBX 3.60 ($0.04) dividend. This represents a dividend yield of 1.51%. The ex-dividend date is Thursday, November 17th.
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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