J Sainsbury plc (SBRY) Receives Consensus Recommendation of “Hold” from Analysts
Shares of J Sainsbury plc (LON:SBRY) have been given a consensus rating of “Hold” by the fifteen analysts that are currently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 269.23 ($3.48).
Several research firms have recently commented on SBRY. Shore Capital restated a “buy” rating on shares of J Sainsbury plc in a research note on Monday, July 3rd. J P Morgan Chase & Co restated an “underweight” rating and issued a GBX 200 ($2.59) target price on shares of J Sainsbury plc in a research note on Wednesday, July 5th. Barclays PLC restated 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. Deutsche Bank AG restated a “hold” rating and issued a GBX 300 ($3.88) target price on shares of J Sainsbury plc in a research note on Wednesday, May 10th. Finally, HSBC Holdings plc restated a “reduce” rating and issued a GBX 200 ($2.59) target price on shares of J Sainsbury plc in a research note on Wednesday, July 26th.
J Sainsbury plc (SBRY) traded up 2.21% during trading on Wednesday, hitting GBX 235.80. The stock had a trading volume of 7,773,315 shares. The firm has a 50 day moving average of GBX 244.58 and a 200-day moving average of GBX 260.40. The stock’s market cap is GBX 5.15 billion. J Sainsbury plc has a 12 month low of GBX 224.10 and a 12 month 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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