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.

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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).

Analyst Recommendations for J Sainsbury plc (LON:SBRY)

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