Credit Suisse Group Reaffirms “Outperform” Rating for J Sainsbury plc (SBRY)
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.
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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