Barclays PLC Cuts J Sainsbury plc (SBRY) Price Target to GBX 240
J Sainsbury plc (LON:SBRY) had its price objective cut by Barclays PLC from GBX 260 ($3.36) to GBX 240 ($3.10) in a report issued on Friday. They currently have an equal weight rating on the grocer’s stock.
Several other research firms have also weighed in on SBRY. Credit Suisse Group increased their target price on shares of J Sainsbury plc from GBX 300 ($3.88) to GBX 320 ($4.14) and gave the stock an outperform rating in a report on Friday, May 26th. Deutsche Bank AG restated a hold rating and set a GBX 300 ($3.88) price objective on shares of J Sainsbury plc in a report on Wednesday, June 7th. Shore Capital restated a buy rating on shares of J Sainsbury plc in a report on Wednesday, May 17th. HSBC Holdings plc dropped their price objective on shares of J Sainsbury plc from GBX 205 ($2.65) to GBX 200 ($2.59) and set a reduce rating on the stock in a report on Tuesday, June 20th. Finally, Citigroup Inc. restated a buy rating and set a GBX 305 ($3.94) price objective on shares of J Sainsbury plc in a report on Tuesday, June 20th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of Hold and a consensus target price of GBX 267.07 ($3.45).
J Sainsbury plc (LON SBRY) opened at 236.10 on Friday. The stock’s 50 day moving average is GBX 243.19 and its 200 day moving average is GBX 259.35. The stock’s market capitalization is GBX 5.16 billion. J Sainsbury plc has a 12-month low of GBX 224.10 and a 12-month high of GBX 283.60.
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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