J Sainsbury plc (LON:SBRY)‘s stock had its “outperform” rating reaffirmed by equities research analysts at Credit Suisse Group in a research report issued on Tuesday. They presently have a GBX 320 ($4.14) target price on the grocer’s stock. Credit Suisse Group’s price objective suggests a potential upside of 35.54% from the stock’s current price.

A number of other analysts have also recently issued reports on SBRY. Shore Capital reiterated a “buy” rating on shares of J Sainsbury plc in a research note on Wednesday, May 3rd. Deutsche Bank AG reiterated a “hold” rating and issued a GBX 300 ($3.88) target price on shares of J Sainsbury plc in a research note on Wednesday, June 7th. Barclays PLC reiterated an “equal weight” rating and issued a GBX 260 ($3.36) target price on shares of J Sainsbury plc in a research note on Thursday, June 15th. HSBC Holdings plc reduced their target price on shares of J Sainsbury plc from GBX 205 ($2.65) to GBX 200 ($2.59) and set a “reduce” rating for the company in a research note on Tuesday, June 20th. Finally, Citigroup Inc. reiterated a “buy” rating and issued a GBX 305 ($3.94) target price on shares of J Sainsbury plc in a research note on Tuesday, June 20th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have issued a buy rating to the company’s stock. J Sainsbury plc presently has a consensus rating of “Hold” and an average target price of GBX 268.50 ($3.47).

Shares of J Sainsbury plc (SBRY) opened at 232.80 on Tuesday. The firm’s market cap is GBX 5.08 billion. The stock’s 50 day moving average is GBX 244.58 and its 200-day moving average is GBX 260.40. J Sainsbury plc has a one year low of GBX 224.10 and a one year high of GBX 283.60.

ILLEGAL ACTIVITY NOTICE: “Credit Suisse Group Reaffirms “Outperform” Rating for J Sainsbury plc (SBRY)” was first published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://www.thecerbatgem.com/2017/08/29/credit-suisse-group-reaffirms-outperform-rating-for-j-sainsbury-plc-sbry.html.

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).

Analyst Recommendations for J Sainsbury plc (LON:SBRY)

Receive News & Stock Ratings for J Sainsbury plc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for J Sainsbury plc and related stocks with our FREE daily email newsletter.