J Sainsbury plc (LON:SBRY) Given Hold Rating at Deutsche Bank AG
Deutsche Bank AG reissued their hold rating on shares of J Sainsbury plc (LON:SBRY) in a research report released on Tuesday morning. The brokerage currently has a GBX 300 ($3.96) price objective on the grocer’s stock.
Several other brokerages have also recently commented on SBRY. Shore Capital reiterated a buy rating on shares of J Sainsbury plc in a report on Wednesday, May 3rd. Barclays PLC reiterated an equal weight rating and issued a GBX 260 ($3.43) target price on shares of J Sainsbury plc in a report on Thursday, June 15th. J P Morgan Chase & Co reiterated an underweight rating and issued a GBX 200 ($2.64) target price on shares of J Sainsbury plc in a report on Thursday, April 6th. Credit Suisse Group raised their target price on shares of J Sainsbury plc from GBX 300 ($3.96) to GBX 320 ($4.22) and gave the stock an outperform rating in a report on Friday, May 26th. Finally, Citigroup Inc. reiterated a buy rating and issued a GBX 305 ($4.02) target price on shares of J Sainsbury plc in a report on Tuesday, June 20th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of GBX 268.50 ($3.54).
Shares of J Sainsbury plc (LON SBRY) traded up 0.72% during trading on Tuesday, hitting GBX 250.10. 2,310,904 shares of the company traded hands. The firm has a 50 day moving average price of GBX 250.85 and a 200-day moving average price of GBX 262.65. J Sainsbury plc has a one year low of GBX 220.14 and a one year high of GBX 283.60. The stock’s market cap is GBX 5.46 billion.
In other news, insider John Rogers purchased 21,839 shares of the company’s stock in a transaction dated Tuesday, May 16th. The shares were bought at an average price of GBX 266 ($3.51) per share, with a total value of £58,091.74 ($76,628.07). Also, insider Jean Tomlin purchased 3,100 shares of the company’s stock in a transaction dated Thursday, May 11th. The stock was purchased at an average cost of GBX 265 ($3.50) per share, for a total transaction of £8,215 ($10,836.30). In the last three months, insiders bought 25,072 shares of company stock worth $6,665,245.
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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