Shares of J Sainsbury plc (LON:SBRY) traded up 0.7% on Tuesday . The stock traded as high as GBX 237.10 ($3.06) and last traded at GBX 235.80 ($3.05). 4,106,871 shares traded hands during trading, a decline of 44% from the average session volume of 7,271,010 shares. The stock had previously closed at GBX 234.10 ($3.02).

Several analysts have weighed in on the company. J P Morgan Chase & Co reiterated an “underweight” rating and set a GBX 200 ($2.58) price target on shares of J Sainsbury plc in a research note on Wednesday, July 5th. Shore Capital reiterated a “buy” rating on shares of J Sainsbury plc in a research note on Monday, July 3rd. HSBC Holdings plc reiterated a “reduce” rating on shares of J Sainsbury plc in a research note on Wednesday. Deutsche Bank AG reiterated a “hold” rating and set a GBX 300 ($3.87) price target on shares of J Sainsbury plc in a research note on Wednesday, May 10th. Finally, Barclays PLC reiterated an “equal weight” rating and set a GBX 260 ($3.36) price target on shares of J Sainsbury plc in a research note on Thursday, June 15th. Three research analysts have rated the stock with a sell rating, eight have assigned a hold rating and four have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of GBX 267.07 ($3.45).

The stock’s market capitalization is GBX 5.16 billion. The company’s 50-day moving average price is GBX 242.30 and its 200 day moving average price is GBX 258.59.

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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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