J Sainsbury plc (SBRY) Rating Reiterated by Macquarie
J Sainsbury plc (LON:SBRY)‘s stock had its “neutral” rating reissued by stock analysts at Macquarie in a research report issued on Friday. They currently have a GBX 290 ($3.62) price target on the grocer’s stock. Macquarie’s price target suggests a potential upside of 22.78% from the stock’s previous close.
SBRY has been the topic of a number of other research reports. Barclays PLC reaffirmed an “equal weight” rating and set a GBX 270 ($3.37) target price on shares of J Sainsbury plc in a research note on Wednesday, September 21st. HSBC reaffirmed a “reduce” rating and set a GBX 185 ($2.31) target price on shares of J Sainsbury plc in a research note on Thursday, September 29th. Societe Generale reaffirmed a “hold” rating and set a GBX 250 ($3.12) target price on shares of J Sainsbury plc in a research note on Wednesday, November 2nd. Goldman Sachs Group Inc. raised J Sainsbury plc to a “sell” rating and upped their target price for the company from GBX 178 ($2.22) to GBX 195 ($2.44) in a research note on Wednesday, October 26th. Finally, BNP Paribas reaffirmed an “outperform” rating and set a GBX 265 ($3.31) target price on shares of J Sainsbury plc in a research note on Thursday, September 29th. Five equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and six have given a buy rating to the stock. J Sainsbury plc currently has a consensus rating of “Hold” and an average target price of GBX 257.25 ($3.21).
J Sainsbury plc (LON:SBRY) opened at 236.20 on Friday. The firm’s 50-day moving average price is GBX 241.86 and its 200-day moving average price is GBX 241.27. The stock’s market cap is GBX 4.61 billion. J Sainsbury plc has a 52 week low of GBX 211.50 and a 52 week high of GBX 294.40.
The firm also recently announced a dividend, which will be paid on Wednesday, January 4th. Stockholders of record on Thursday, November 17th will be given a dividend of GBX 3.60 ($0.04) per share. This represents a dividend 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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